State Statistical Office: Business tendencies in manufacturing industry in January 2017

Theme: Bussines Tendencies

Business tendencies in manufacturing industry in January 2017

15.02.2017

The managers of the business entities assessed that the confidence indicator in manufacturing industry in January 2017 is 0.2
percentage points lower than the previous month, and 4.0 percentage points higher compared to January 2016.
The situation with the current volume of production orders in January 2017 is less satisfactory compared to the previous month,
the expectations for the production volume for the next three months are more satisfactory compared to the previous month,
while the stocks of finished goods have increased.
The estimation of the economic situation is almost at the same level as in the previous month, and much more satisfactory
compared to January 2016. The number of employees is expected to increase.
The average capacity utilization level of the business entities in January 2017 decreased to 65.5% of normal utilization.
The factors that had the greatest influence on limiting the production volume in January 2017 were: insufficient foreign demand
with 23.0%, insufficient domestic demand with 20.6% and shortage of skilled labour with 17.5%.

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