In Q2 of 2021, compared to Q1 of 2021, the BAG Business Climate improved, - according to the data from BAG Index.
“In the manufacturing sector, the business climate indicator has been positive since Q3 of 2020 and continues to improve. Unlike the trade and service sectors, in the manufacturing sector, the positive assessment of the business climate can be attributed to both a positive assessment of the current situation and optimistic expectations for the near future. In this period, local production and sales prices in the manufacturing sector have both been increasing in the majority of companies”, the report reads.
In Q2 of 2021, the business expectations indicator was positive for all sectors, except construction. The most optimistic predictions were recorded in the trade sector, largely due to an expected increase in sales prices and sales (See Graphs 6 and 7). In Q2 of 2021, compared to Q1 of 2021, expectations improved in the trade (by 25 points) and manufacturing (23.9 points) sectors, but worsened in the construction (-66.1 points) and service (-6.9 points) sectors.
