Business Sentiment Up in December
The index was up four points over November in manufacturing, five points in construction and four points in services. In retail, the indicator was up three points over the month before.
In a year-on-year comparison, the index was down 4 points in manufacturing (6 points below the long-term average), up 6 points in construction (20 points below the long-term average), down 12 points in retail (11 points below the long-term average) and down 6 in services (32 points below the long-term average).
Insufficient demand was listed as the most important limiting factor in all four statistical areas.
The most important limiting factors in retail were low demand (58%), competition in own sector (49%) and high costs of labour (47%).
In construction, the statisticians registered insufficient demand (53%), competition in own sector (43%), high costs of labour (42%), high costs of material (37%), high financial costs (36%) and access to bank credits (30%).
In services, companies listed insufficient demand (51%), financial constraints (36%), other limitations (13%) and shortage of labour force (4%).