State Statistical Office: Business tendencies in manufacturing industry in October 2016

Theme: Bussines Tendencies

Business tendencies in manufacturing industry in October 2016

15.11.2016

The managers of the business entities assessed that the confidence indicator in manufacturing industry in October 2016 has
remained the same as in the previous month at 16.9%, while compared to October 2015 it is 4.7 percentage points higher.
The situation with the current volume of production orders in October 2016 is more satisfactory compared to the previous
month, the expectations for the production volume for the next three months are almost at the same level as in the previous
month, while the stocks of finished products have increased.
The estimation of the economic situation is that it is more satisfactory compared to the previous month, and much more
satisfactory compared to October 2015. The number of employees is expected to decrease.
The average capacity utilization level of the business entities in October 2016 increased to 65.8% of normal utilization.
The factors that had the greatest influence on limiting the production volume in October 2016 were: insufficient foreign demand
with 24.5%, insufficient domestic demand with 20.4% and shortage of skilled labour with 17.9%.

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