Belarus’ real sector continues showing high consumer price growth expectations – opinion poll
<p> MINSK, Nov 6 - PrimePress. The real sector Belarus continues expecting growth of consumer prices in the next three months, reads the October Economic Environment express review posted on the website of the National Bank of Belarus (NBB). </p> <p> </p> <p> According to the survey, the price growth expectation index stood at 39% against 42% in September and 46.8% in August 2020. Around 80% of respondents expect prices to rise in the next three months. The index of price growth slowdown was reported at 9.9%, to compare with 10.5% in September and 8.1% in August. This indicates a still insignificant proportion of those who do not predict price hikes and a decrease in the expectation of price reductions among the respondents. </p> <p> </p> <p> The selling price growth index increased relative to the data of the previous survey to 17.3% against 16.6% in September and 16.1% in August 2020. In general, growth in prices is expected in all industries covered by the survey. The highest expectations prevail in trade, car repair and production of household goods and personal items; the lowest – in the construction industry. </p> <p> </p> <p> The output (work performed, sales, transport services) expectations fell sharply from 3.4% in August and 4.1% in September to minus 9.1% in October. This indicator only remains positive in the industrial sector, while trade, construction and transport showed negative expectations, which means that these industries predict a decrease in output and services. </p> <p> </p> <p> Overall, the economic situation in October 2020, as assessed by the survey participants, is practically at the border of unfavourable and favourable areas. </p> <p> </p> <p> In terms of demand in the next quarter and actual demand, the expectations index was at minus 11%; the actual demand estimate was minus 14.2%. The situation is similar in manufacturing industries: output growth expectations – minus 9.1%, while the actual estimate is minus 8.8%. End </p>
2020-11-07
Primepress
Belarus’ real sector continues showing high consumer price growth expectations – opinion poll
MINSK, Nov 6 - PrimePress. The real sector Belarus continues expecting growth of consumer prices in the next three months, reads the October Economic Environment express review posted on the website of the National Bank of Belarus (NBB).
According to the survey, the price growth expectation index stood at 39% against 42% in September and 46.8% in August 2020. Around 80% of respondents expect prices to rise in the next three months. The index of price growth slowdown was reported at 9.9%, to compare with 10.5% in September and 8.1% in August. This indicates a still insignificant proportion of those who do not predict price hikes and a decrease in the expectation of price reductions among the respondents.
The selling price growth index increased relative to the data of the previous survey to 17.3% against 16.6% in September and 16.1% in August 2020. In general, growth in prices is expected in all industries covered by the survey. The highest expectations prevail in trade, car repair and production of household goods and personal items; the lowest – in the construction industry.
The output (work performed, sales, transport services) expectations fell sharply from 3.4% in August and 4.1% in September to minus 9.1% in October. This indicator only remains positive in the industrial sector, while trade, construction and transport showed negative expectations, which means that these industries predict a decrease in output and services.
Overall, the economic situation in October 2020, as assessed by the survey participants, is practically at the border of unfavourable and favourable areas.
In terms of demand in the next quarter and actual demand, the expectations index was at minus 11%; the actual demand estimate was minus 14.2%. The situation is similar in manufacturing industries: output growth expectations – minus 9.1%, while the actual estimate is minus 8.8%. End