NSI: Business expectations fall due to uncertain economic environment

In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable assessment in the industry sector, where the indicator fell by 5.2 points. Managers in industry reported a drop in production and gloomier expectations for the next three months.

According to the National Statistical Institute (NSI), the most serious difficulties are the uncertain economic environment and labour shortages.

In the services and construction sectors, the climate remains at about the same level as in August. The only improvement is seen in retail trade. However, even here the negative impact of the 'uncertain economic environment' factor has increased over the past month. Retail managers expect prices to rise slightly over the next three months.