In June 2025, the total business climate indicator increases by 1.9 percentage points compared to the previous month (from 19.8% to 21.7%). An improvement of the indicator is observed in the construction, retail trade and service sector, and in the industry preserves approximately its May level.
Industry. The composite indicator ‘business climate in industry’ remains approximately its level from the previous month (from 18.2% to 18.4%). The industrial entrepreneurs assess the present production activity as favourable, while their expectations about the activity over the next 3 months are reserved. The uncertain economic environment and shortage of labour continue to be the main obstacles for the business development. The prevailing part of the managers expect the selling prices in the industry to remain unchanged over the next 3 months.
Construction. In June, the composite indicator ‘business climate in construction’ increases by 2.8 percentage points (from 23.3% to 26.1%), which is due to the positive construction entrepreneurs’ assessments and expectations about the business situation of the enterprises. In their opinion, the present construction activity is slightly improved, as their forecasts about the next 3 months are the activity to keep the same level. The main factor limiting the activity in the sector is the shortage of labour, pointed out by 43.2% of the enterprises. In second and third place are the uncertain economic environment and costs of materials. Concerning the selling prices in the construction, the managers foresee certain increase over the next 3 months.
Retail trade. The composite indicator ‘business climate in retail trade’ increases by 3.6 percentage points (from 26.8% to 30.4%) (Figure 10) as a result of the improved retailers’ assessments and expectations about the business situation of the enterprises. However, their forecasts about the volume of sales (Figure 11) and orders placed with suppliers over the next 3 months are reserved. In the last month an increase of the negative influence of the factor ‘uncertain economic environment’ is observed, which shifts to the second place the competition in the branch. In the background remain the insufficient demand and shortage of labour. In comparison with the previous month, the share of retailers who expect the selling prices in the sector to increase over the next 3 months is rising.
Service sector. In June, the composite indicator ‘business climate in service sector’ increases by 3.0 percentage points (from 12.4% to 15.4%), which is due to the favourable managers’ assessments about the present business situation of the enterprises. Their opinions about the present demand for services are positive, while the expectations over the next 3 months are shifting to the more moderate opinions.
