Encuesta de Opinión Empresarial. Resultados mayo de 2020

Abstract

In May, the Retail Confidence Index (RCI) was -9.2%, compared to the previous month, which represents an increase of 16.3 pps mainly due to a rise in the business current situation indicator and an increase in the expectation’s indicator for the next semester. The Industrial Confidence Index registered a balance of -21.3%, compared to the previous month; this represents an increase of 14.4 pps, mainly due to a rise in the expected production in the next three months increased and a decrease in the level of stocks.

In May, 50.2% of the companies were affected in their operations, 90.3% of which were related to COVID-19. The percentage of companies who said that the number of employees had decreased compared to January 2020 was 44.1%. Only 22.1% of firms have cash on hand for a total of more than eight weeks of expenses.

In May, industry installed capacity utilization was 64.5%, which represents a decrease of 10.3 pps compared to the previous measurement and 5.6 related to the same period of 2019. In May, business perception of the favorable economic and socio-political conditions to invest decreased compared to the previous quarter. In the construction sector, expectations, the current economic situation of companies in the sector and the construction rate fell compared to the last measurement.