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Theme: Bussines Tendencies


Business tendencies in manufacturing industry in October2020

17.11.2020


The managers of the business entities assessed that the confidence indicator in manufacturing industry in October 2020, standing at 13.8, is 0.8 percentage points higher compared to September 2020 and 8.0 percentage points lower compared to October 2019.

The situation with the current volume of production orders in October 2020 is more favourable compared to the previous month, as well as the expectations for the production volume for the next three months, and the stocks of finish goods are decreased.

The estimation of the economic situation is more satisfactory compared to the previous month, but less satisfactory compared to October 2019. The number of employees is expected to decrease.

The average capacity utilization level of the business entities in October 2020 increased to 68.1% of normal utilization.

The factors that had the greatest influence on limiting the production volume in October 2020 were: insufficient foreign demand with 20.2%, uncertainty of the economic environment with 17.2%, shortage of skilled labour with 15.5% and insufficient domestic demand with 13.4%.

 






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