Business expectation indicators experienced recovery in May 2021, the
Central Reserve Bank (BCR) revealed in its latest Survey of Macroeconomic Expectations.
It should be noted that 12 indicators —out of 19— were in optimistic territory, compared to 10 indicators in the previous month.
According to the issuing entity, entrepreneurs' 3-month ahead expectations about the economy increased from 40 points in April to 45 points in May (still in pessimistic territory).
Meanwhile, 12-month ahead expectations about the economy rose from 52 to 55 points between both periods (in optimistic territory).
Entrepreneurs' expectations about conditions of the sector for the next 3 and 12 months increased from 47 and 55 points in April to 49 and 58 points in May, respectively.
In May, expectations on the situation of respondents' companies for the next 3 and 12 months rose to 51 and 61 points, respectively, after standing at 48 and 56 points in April.
Meanwhile, 3-month ahead expectations about the demand for their products increased from 50 to 53 points, while those for the next 12 months remained at 61 points.
Furthermore, personnel recruitment expectations for the next three months grew from 47 to 48 points (still in pessimistic territory), and the 12-month ahead expectations did so from 50 to 52 points.
On the other hand, the indicator of respondents' expectations about their companies' investment for the next 3 months remained at 45 points in May (in pessimistic territory), whereas those for the next 12 months at 50 points.
(END) NDP/RMB
Published: 6/7/2021