National Bank confessed
- 29.05.2012, 12:23
The economic situation of enterprises is deteriorating.
A monitoring of Belarusian enterprises by the National Bank of Belarus showed negative changes in most indicators of their financial and economic activity in January-April 2012 compared to the same period last year. Analysis of the economic situation is made based on the data on 1995 companies of the real sector of the economy, “Telegraf” reports.
According to the monitoring of the National Bank, the economic situation of many enterprises has worsened significantly. The index of business climate indicators of production, sales, capacity utilization, volume of orders on the domestic and foreign markets, demand and net profit was lower than in January-April last year. Also they note an increase in the growth rate of unsold products.
Nevertheless, in April there were some positive developments, while the values of most indicators became closer to the levels of the same period last year.
However, tightening credit conditions and the effect of other negative factors reduced the cash balances in the accounts of enterprises and the working capital. The growth rate of outstanding receivables and payables was higher in January-April this year than in January-April last year, according to the monitoring.
The growth rates of production costs slowed down in January-April of this year, but their level was significantly higher than the same period last year. In addition, the growth rate of prices of goods was lower in January-April 2012 than in January-April 2011.
As stated by the National Bank, in January-April 2012, the effect on economic activity of enterprises in demand, their working capital, credit conditions, risks of economic activity, as well as overdue payables and receivables was higher than in January-April 2011. However, in April 2012, there was registered some weakening of these factors’ influence.
70.5% of monitoring participants assessed the economic situation in April as satisfactory. In general, they point out that the economic deterioration has been slowing.
In May-July 2012, enterprises companies expect lower demand, production volumes, prices, as well as demand for loans. Meanwhile, the number of employees will hopefully go up, reported in the monitoring of the National Bank.