In December 2025, the total business climate indicator decreases by 3.1 percentage points compared to the previous month (from 16.1% to 13.0%), as a reduction of the indicator is registered in all observed sectors - industry, construction, retail trade and services.
The composite indicator ‘business climate in industry’ decreases by 2.1 percentage points (from 14.6% to 12.5%) as a result of the unfavourable industrial entrepreneurs’ assessments and expectations about the business situation of the enterprises. The present production activity is assessed as a decreased, while the expectations about the activity over the next 3 months are more favourable.
The uncertain economic environment and the shortage of labour continue to be the main obstacles for the business development, pointed out respectively by 50.5% and 34.8% of the enterprises.
In comparison with November, the share of managers who foresee the selling prices to increase over the next 3 months has raised.
In December, the composite indicator ‘business climate in construction’ decreases by 2.3 percentage points (from 13.3% to 11.0%), which is due to the reserved construction entrepreneurs’ assessments about the present business situation of the enterprises. However, their expectations about both the business situation of the enterprises over the next 6 months and the construction activity over the next 3 months are more positive.
The most serious difficulties for the activity of the enterprises remain the uncertain economic environment, the shortage of labour and the costs of materials.
Concerning the selling prices in construction, the managers continue to expect them to increase over the next 3 months.
Retail trade. The composite indicator ‘business climate in retail trade’ drops by 5.2 percentage points (from 29.9% to 24.7%) as a result of the moderate retailers’ assessments and expectations about the business situation of the enterprises. Their forecasts about the volume of sales and the orders placed with suppliers over the next 3 months are also more negative.
The competition in the branch, the uncertain economic environment, the insufficient demand and the shortage of labour continue to limit with most extend the business development.
Regarding the selling prices, the prevailing part of the retailers do not foresee a change over the next 3 months.
Service sector. In December, the composite indicator ‘business climate in service sector’ decreases by 3.9 percentage points (from 8.1% to 4.2%), which is due to the negative managers’ assessments and expectations about the business situation of the enterprises. At the same time, their opinions about demand for services over the next 3 months are unfavourable.
The main factors, limiting the activity of the enterprises are the uncertain economic environment and the competition in the branch, as in the last month strengthening of their negative impact is reported.
Concerning the selling prices in the service sector, 80.9% of the managers forecast them to preserve their level over the next 3 months.
