April 2019 Business Climate Improves in Industry, Construction and Services M/M - Statistics

In April 2019 the total business climate indicator rose by 1.9 percentage points compared to March, the National Statistical Institute said on Tuesday. An improvement of business conjuncture was registered in industry, construction and the service sector, while in retail trade it remained at approximately the same level, BNA reported.

The composite indicator 'business climate in industry'  increased by 2.0 percentage points as a result of more optimistic industrial entrepreneur expectations about the business situation of the enterprises over the next six months.

The composite indicator 'business climate in construction' rose by 1.3 percentage points due to the improved construction entrepreneur assessment of the present situation of enterprises. Forecasts for construction activity in the next three months also remain favourable, although more reserved than in March.

Business climate in retail trade remains at approximately its March level.