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Theme: Bussines Tendencies


Business tendencies in manufacturing industry in March 2020

08.05.2020


The managers of the business entities assessed that the confidence indicator in manufacturing industry in March 2020, standing at 15.0, is 7.7 percentage points lower compared to February 2020 and 5.7 percentage points lower compared to March 2019.

The situation with the current volume of production orders in March 2020 is less favourable compared to the previous month, the expectations for the production volume for the next three months are also less favourable, and the stocks of finish goods have decreased.

The estimation of the economic situation is less satisfactory compared to the previous month, as well as compared to March 2019. The number of employees is expected to decrease.

The average capacity utilization level of the business entities in March 2020 decreased to 67.3% of normal utilization.

The factors that had the greatest influence on limiting the production volume in March 2020 were: shortage of skilled labour with 19.5%, insufficient foreign demand with 18.5%, uncertainty of the economic environment with 14.8% and insufficient domestic demand with 11.3%.






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