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Industrial confidence indicator in March 2019

Industrial confidence indicator in March 2019

Last update: 28.03.2019
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 28.03.2019

In March, the confidence indicator in industry decreased by 9,4 p.p. to the value -5,7. The development of the indicator was unfavourably influenced by all its components, mainly the decrease of the expected production over the next three months.

In March compared with February, the industrial production trend decreased by 7 p.p. to 3. A decrease was recorded mainly in manufacture of food and beverages. On the contrary, an increase of the industrial production was reported mainly by respondents in manufacture of transport equipment, chemical industry and in other non-metallic products. The business balance of the aggregate orders decreased by 2 p.p. to -8.  A decrease of orders (weighted by production) was recorded mainly in manufacture of electrical equipment, food and beverages and other non-metallic products. An increase of orders was mainly in manufacture of basic metal and fabricated metal products. The majority of respondents (91 %) consider the current orders to be sufficient. Compared with February, the balance of foreign orders decreased by 1 p.p. to -8. A decrease of foreign orders was reported mainly in manufacture of electrical equipment, textiles and apparel, food and beverages. On the contrary, an increase of foreign orders was stated mainly in manufacture of basic metal and fabricated metal products and other manufacture, repair and installations. 91 % of respondents consider the level of foreign orders to be sufficient. In March, the balance of the finished goods stock in industry increased by 3 p.p. to 3. An increase of the goods stock is expected mainly in manufacture of computer, electronic and optical products. A decrease of the goods stock is reported mainly by respondents in pharmaceutical products and other manufacture, repair and installations. The majority of respondents (96 %) consider the state of the stock to be sufficient. Compared with the previous month, the balance of the industrial production over the next three months, decreased by 23 p.p. to -6 which is the lowest value since January 2018. A decrease of the production is expected mainly in manufacture of computer, electronic and optical products, transport equipment and other manufacture, repair and installations, by regions in Trnava. An increase of the production is assumed mainly in manufacture of pharmaceutical products, by size categories in enterprises employing 100 to 249 people. In March, the balance of the expected development of industrial products prices, decreased by 1 p.p. to -14. A price decrease is expected mainly in other manufacture, repair and installations. A price increase is assumed mainly in manufacture of pharmaceutical products, electrical equipment, food and beverages. Compared with the previous month, the balance of the employment decreased by 6 p.p. to -18. A lower number of employees is assumed mainly in manufacture of other non-metallic products, in the chemical industry and in manufacture of computer, electronic and optical products, by size groups in enterprises employing 1000 and more people and by regions in Košice and Bratislava. On the contrary, a higher number of employees is expected mainly in manufacture of wood and paper products, by size groups in enterprises employing 100 to 249 people. 61 % of respondents expect a stabilisation of employment.


Note: *In March 2019, 412 respondents were participated in survey which represents the whole industry.

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