Belarus’ real sector reduces consumer price growth expectations – survey
<p> MINSK, Jun 3 - PrimePress. The real sector of Belarus has reduced expectations of consumer price growth in the next three months, reads the May business climate review by the National Bank of Belarus. </p> <p> </p> <p> The index of expected price growth was at 30.4% against 40.8% in April and 48.3% in March. Two-thirds of respondents expect price increases in the next three months. According to the survey, the index of deceleration in price growth stood at 15.6% to compare with in 10.6% in April and 6.9% in March. This indicates a small proportion of those who do not predict price increases. </p> <p> </p> <p> The index of those who expect growth in selling prices slightly decreased relative to the data of the previous survey: 15.1% against 16.2% in April and 24% in March 2020. In general, price growth is expected in all reviewed sectors. The highest expectation is reported in the areas of trade, car repair, household goods and personal demand items, while the lowest is in construction. </p> <p> </p> <p> The expected change in output (works, sales, transportation services) returned to plus 5.3% in May 2020 after a drop to negative values in April to minus 2.3% against plus 12.1% in March. It is indicative that the areas of trade, auto repair, household goods, personal demand items and transport services show pessimism the most. </p> <p> </p> <p> Responses to changes in demand in the coming quarter and real demand diverge: the balance of responses relative to expectations is in the positive area (i.e. a slight increase is expected), being at plus 1.1%. The actual estimate of demand is negative with the balance of answers at minus 29.1%. The situation is the same with output: expectations for an increase in output are plus 5.3% with an actual estimate of minus 21.1%. End </p>
2020-06-04
Primepress
Belarus’ real sector reduces consumer price growth expectations – survey
MINSK, Jun 3 - PrimePress. The real sector of Belarus has reduced expectations of consumer price growth in the next three months, reads the May business climate review by the National Bank of Belarus.
The index of expected price growth was at 30.4% against 40.8% in April and 48.3% in March. Two-thirds of respondents expect price increases in the next three months. According to the survey, the index of deceleration in price growth stood at 15.6% to compare with in 10.6% in April and 6.9% in March. This indicates a small proportion of those who do not predict price increases.
The index of those who expect growth in selling prices slightly decreased relative to the data of the previous survey: 15.1% against 16.2% in April and 24% in March 2020. In general, price growth is expected in all reviewed sectors. The highest expectation is reported in the areas of trade, car repair, household goods and personal demand items, while the lowest is in construction.
The expected change in output (works, sales, transportation services) returned to plus 5.3% in May 2020 after a drop to negative values in April to minus 2.3% against plus 12.1% in March. It is indicative that the areas of trade, auto repair, household goods, personal demand items and transport services show pessimism the most.
Responses to changes in demand in the coming quarter and real demand diverge: the balance of responses relative to expectations is in the positive area (i.e. a slight increase is expected), being at plus 1.1%. The actual estimate of demand is negative with the balance of answers at minus 29.1%. The situation is the same with output: expectations for an increase in output are plus 5.3% with an actual estimate of minus 21.1%. End