Every second real sector enterprise in Belarus expects consumer prices to keep their current growth rate in the next 3 months - survey

<p> MINSK, Nov 4 - PrimePress. Every second enterprise of the real sector In Belarus expects consumer prices to continue their current growth rate within the next three months, according to the findings of the October spot survey posted on the website of the National Bank of Belarus (NBB). </p> <p>   </p> <p> According to the survey, the index of expected price growth at a faster rate than the current rate decreased slightly fr om 33% in September to 30.5% in October. The current rate of price growth is expected by 48.5% of businesses, which is higher than in September (47%) and August (47.9%). Overall, more than 80% of respondents expect prices to rise over the next three months. According to the survey, the deceleration index of price growth was 11.2%, slightly higher than in September (9.5%) and August (10.7%). </p> <p>   </p> <p> Product price forecast: decrease expected </p> <p>   </p> <p> The survey participants expect product prices to fall slightly: the index of those expecting an increase in output prices fell slightly to 20.6% from 22.5% and 23.6% in the two previous surveys. </p> <p>   </p> <p> Transport expects decline in traffic volumes </p> <p>   </p> <p> The expected change in production volumes (works, sales, transport services) in September went into negative territory for the first time since January 2021and the decline intensified in October. This means that more than half of the respondents believe that a decline in production should be expected in the near future. The most pessimistic sentiments are in construction (the index of this index is minus 20.8%, following the decrease of 19.2% a month earlier), and transport (minus 19.8% against 14.4% in September and minus 1.7% in August). It was transport that recorded the sharpest fall in expectations of a reduction in the volume of services provided. </p> <p>   </p> <p> Demand will fall </p> <p>   </p> <p> Overall, the economic situation as assessed by the survey participants has moved beyond the unfavourable area wh ere it has been since December 2020 and has been in the favourable area since April this year. According to the results of the October survey, it is also in a positive area, with almost 60% of respondents describing it as favourable. End </p> <p>   </p>

2021-11-05

Primepress