Industrial Confidence Indicator grew to 12 points in October compared to July: from -0.13 to -0.01. It was due to improvement in all three of its components: the enterprises production plans for the next 3 months were more optimistic, evaluation of the orders book has improved, and the stock of finished goods began to shrink.
Particularly, the percentage of respondents who assessed the orders book as satisfactory increased in October compared to July from 26.9% to 36.3%, and the proportion of firms that do not have the orders book decreased from 31.6% in July to 23.8% in October. In the IVth quarter, share of the enterprises with underemployment reduced to 20.7%.
