Encuesta de Opinión Empresarial. Resultados agosto de 2022

Abstract

In August 2022, the Retail Confidence Index (RCI) stood at 26.9%, which represents a drop of 3.8 pp compared to the previous month. The decrease in confidence was mainly explained by an increase of 2.5 pp in the level of stocks and a decrease of 9.6 pp in business expectations for the next six months. However, the business current situation showed an increase of 0.5 pp.

The Industrial Confidence Index stood at 7.1%, decreasing 2.6 pp compared to the previous month. The increase of 4.5 pp in the level of stock of finished goods at the end of this month and the decrease of 4.4 pp reduction in expected production for the next three months explained the decrease in confidence in the industrial sector, despite the increase of 1.3 pp in the current volume of orders from companies in the sector.

The industry installed capacity utilization was 77.6%, decreasing 0.1 pp and increasing 2.1 pp compared to May 2022 and August 2021, respectively. Additionally, business perception of the favorable economic and socio-political conditions to invest decreased compared to the previous measurement. On the other hand, the construction sector in general registered a decrease in the perception of the current economic situation of companies, in the pace of construction and in the expectations of the sector for the next quarter compared to the second quarter of 2022.