Production expectations have deteriorated. Value of the Industrial Confidence Indicator decreased by 6 points compared to April. It happened mainly because of deterioration of the production plans of the enterprises for the next 3 months. Although the share of those who plan to increase production prevails over the share of those who expect a decrease in production (+22) but such a balance is twice lower than in April (when it was +44). Every second surveyed company does not plan to change the volumes of production in 3rd quarter compared to the 2nd quarter.
Source: IER Business Surveys
