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Business climate marks improvement of 0.6 points in May

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In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry. 

In construction, industry and services, no price changes are expected in the next 3 months, while retailers anticipate a slight increase, according to the National Statistical Institute. The general indicator of the business climate in May rose by 0.6 points in comparison to April, when it also rose by 1.8 points. The business climate for the fifth consecutive month since the beginning of 2024 remains above the long-term average and is now 25.4%. Industrial companies are having trouble securing orders, construction companies are complaining about rising prices of materials and customers with payment problems, while retailers are optimistic about sales, according to a survey among managers.

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