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Industrial confidence indicator in June 2019

Industrial confidence indicator in June 2019

Last update: 28.06.2019
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 28.06.2019

In June, the confidence indicator in industry increased by 6,4 p.p. to the value 2,7. The development of the indicator was favourably influenced by the increase of the expected production over the next three months.

In June compared with May, the industrial production trend decreased by 19 p.p. to -7. A decrease was recorded mainly in manufacture of transport equipment and other manufacture, repair and installations. On the contrary, an increase of industrial production was reported mainly by respondents in the chemical industry, manufacture of wood and paper products and machinery and equipment n.e.c. The business balance of the aggregate orders decreased by 4 p.p. to -18. A decrease of orders (weighted by production) was recorded mainly in manufacture of machinery and equipment n.e.c., textiles, apparel and basic metal and fabricated metal products. There was an increase of orders mainly in manufacture of wood and paper products, pharmaceutical products and food. The majority of respondents (71%) consider the current level of orders to be sufficient. Compared with May, the balance of foreign orders remained unchanged, at the level of -25 p.p. A decrease of foreign orders was indicated mainly in manufacture of food, machinery and equipment n.e.c. and textiles and apparel. On the contrary, an increase of foreign orders was reported mainly in manufacture of wood and paper products, pharmaceutical products and transport equipment. 60% of exporting respondents consider the level of foreign orders to be sufficient. In June, the balance of the finished goods stock in industry increased by 3 p.p. to 6. An increase of the goods stock is expected mainly by respondents in manufacture of textiles and apparel and basic metal and fabricated metal products. A decrease of the stock is reported mainly by respondents in other manufacture, repair and installations and in manufacture of electrical equipment. The majority of respondents (91%) consider the total stock to be sufficient. Compared with the previous month, the balance of the industrial production over the next three months, increased by 26 p.p. to 32, indicating the highest level since March 2017. An increase of the production is assumed mainly in manufacture of machinery and equipment n.e.c., food and wood and paper products, by size groups, in enterprises employing 100 to 249 people and by regions in Trenčín and Trnava. A decrease of the production is assumed mainly in manufacture of other non-metallic products, transport equipment and textiles and apparel, by size groups in enterprises with 1000 and more people and by regions in Banská Bystrica and Prešov. In June, the balance of the expected development of industrial products prices, increased by 4 p.p. to -4. A price increase is expected mainly in manufacture of basic metal and fabricated metal products, textiles and apparel and in the chemical industry. A price decrease is assumed, mainly in manufacture of machinery and equipment n.e.c. and food. In June compared with May, the balance of the employment decreased by 6 p.p. to -27. A lower number of employees is assumed mainly in manufacture of food and basic metal and fabricated metal products, by size groups in enterprises employing 100 to 249 people and by regions in Banská Bystrica and Prešov. On the contrary, a higher number of employees is expected mainly in other manufacture, repair and installations and in manufacture of wood and paper products, by regions in Trnava and Košice. 62% of respondents expect a stabilization of employment.


  *In June 2019, 506 respondents were participated in survey which represents the whole industry.

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