Managers also predict a moderate decrease in the number of employees in the construction sector, and price hikes in manufacturing industry, constructions and retail.
According to the business tendency survey of November 2023, managers from the manufacturing industry forecast relative stability of the production volume for the next three months (balance -1%), and relative stability for staff numbers (balance -4%). Prices of industrial products are expected to increase in the next three months (balance +16%).
In line with November 2023 estimations, there will be a decrease in the production volume in the construction sector for the next three months (balance -21%). Managers forecast a moderate decrease in staff numbers (balance -7%), while prices of construction works are anticipated to go up (balance +27%)
For the retail sector, managers project relative stability in the economic activity for the next three months (balance +4%). The volume of orders placed by business units to the suppliers of goods will see relative stability (balance +4%). Employers forecast moderate growth in staff numbers for the next three months (balance +12%), and retail prices are expected to increase (balance +30%).
The survey also shows relative stability in the demand for services (turnover) over the next three months (balance 0%) and staff numbers will also see relative stability (balance -3%). At the same time, managers envisage moderate growth for the selling or invoice prices of services (balance +10%).