State Statistical Office: Estimation of the managers of the business entities in the manufacturing industry about the business situation in May 2011

Theme: Bussines Tendencies

Estimation of the managers of the business entities in the manufacturing industry about the business situation in May 2011

24.06.2011

According to the data of the State Statistical Office, the business situation in May 2011 according to the managers is more satisfactory compared to the previous month, as well as compared to May 2010. The situation with the present volume of production orders is the same as in the previous month. The production volume of the business entities in May 2011 decreased slightly compared to the previous month; the expectations for the production volume are favourable for the next three months, but the expectations for the number of employees are unfavourable. The stocks of raw materials and intermediate goods and the purchases of raw materials and intermediate goods in May 2011 are below and around the normal level. The stocks of finished products increased compared to the previous month. According to managers' estimates, in the next period, the average purchasing prices of the inputs, as well as the average selling prices of the finished goods will increase. The average capacity utilization level of the business entities in May 2011, compared to the previous month, increased slightly to 62.7% of normal utilization. The factors that had the greatest influence on limiting the production volume in May 2011 were: insufficient foreign demand with 19.5%, insufficient domestic demand with 18.4%, financial problems with 13.2% and uncertainty of the economic environment with 9.7%.

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