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Industrial confidence indicator in August 2021
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Industrial confidence indicator in August 2021

Last update: 30.08.2021
Ilustračný obrázok
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: Business tendency surveys and consumer opinions
Publish Date: 30.08.2021



In August, the confidence indicator in industry decreased by 5,7 percentage points (p.p.) to -1, after seasonal adjustment. The  indicator´s development was unfavourably influenced mainly by the expected decrease of  the production over the next three months.

In August compared with July, the industrial production trend rose by 6 p.p. to 1. An increase was registered mainly in manufacture of food. On the contrary, a decrease of the industrial production was reported by respondents mainly in manufacture of computer, electronic and optical products, other non-metallic products and electrical equipment. The balance of the aggregate orders rose by 2 p.p. to 1. An improvement of the level of orders (weighted by production) was registered more considerably in manufacture of machinery and equipment n.e.c; by size groups, in enterprises employing 500 to 999 people and by regions, in Bratislava and Prešov. A deterioration was mainly in manufacture of other non-metallic products. Compared with July, the balance of foreign orders increased by 2 p.p. to 4. An improved level of foreign orders was reported mainly in manufacture of machinery and equipment n.e.c. On the contrary, a deterioration was registered mainly in manufacture of food. In August, the balance of the finished goods stock increased by 3 p.p. to 21. Increased goods stocks are indicated mainly in manufacture of textiles and apparel; by size groups, in enterprises employing 250 to 499 people and by regions, in Banská Bystrica and Prešov. The majority of respondents consider the current goods stock as sufficient. There was a decrease of goods mainly in manufacture of food. The balance of the industrial production over the next three months decreased by 16 p.p. to 17, compared with the previous month. A decrease of the production is assumed mainly in manufacture of wood and paper products. An increase of the production is expected mainly in manufacture of machinery and equipment n.e.c and in other non-metallic products. In August, he balance of expected prices of industrial products decreased by 5 p.p. to 10. A price decrease is assumed mainly in manufacture of computer, electronic and optical products, in the chemical industry and in manufacture of textiles and apparel; by size groups, in enterprises employing 500 to 999 people and by regions mainly in Trnava. On the contrary, a price rise is assumed mainly in other manufacture, repair and installations. In August compared with July, the balance of employment dropped by 5 p.p. to 9. A decrease in the number of employees is assumed mainly in manufacture of machinery and equipment n.e.c.; by size groups, in enterprises with 20 to 99 people and by regions, mainly in Trnava. On the contrary, an increase in the number of employees is expected mainly in the chemical industry, in manufacture of computer, electronic and optical products and electrical equipment; by size groups, in enterprises employing 500 to 999 people and by regions, in Nitra. 74 % of respondents expect a stabilisation of employment. The overall data are seasonally adjusted and the data by sectors are not seasonally adjusted, therefore it may result in an unusual development in the comparison of these indicators and of the situation in which we currently find ourselves.

Note: *In August 2021, 739 respondents were participated in survey which represents the whole industry.
The values of the confidence indicator in industry and the balances range from -100 (responses of all respondents are pessimistic) to 100 (responses of all respondents are optimistic) however, the balance of the finished goods stock shall be interpreted in the opposite way. Confidence indicator and balances on republic level are seasonally adjusted.


 

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