The surveyed business assess their present business situation and expectation for the next six months positively.
In Q3 of 2021, compared to Q2 of 2021, the BAG Business Climate improved by 6.5 points. Moreover, in this period, the assessment of the present business situation improved by 13 points, while business expectations for the next six months worsened by 1.3 points.
The figures for Q3 of 2021 demonstrate a significant improvement compared to Q3 of 2020. In Q3 of 2020, the BAG Business Climate indicator amounted to 0.1, the present business situation indicator amounted to -19, while business expectations indicator was 21.8.
In Q3 of 2021, the business climate indicator was positive for all sectors. Compared to Q2 of 2021, this indicator improved in the construction and manufacturing sectors, but worsened in the service and trade sectors. It is worth noting here that Q3 of 2021 is the first quarter of the year in which the business climate indicator in the construction sector has been positive.
The BAG Business Climate is based on the responses of BAG member businesses and companies in their corporate group. Companies assess their present business situation and outline their expectations for the next six months.
