BCR: Business expectations deteriorate in November

Business expectations deteriorated in November as 12 out of 18 indicators fell in that month, according to the Macroeconomic Expectations Survey prepared monthly by the Central Reserve Bank (BCR).

According to the survey, expectations The 3- and 12-month economy fell to 40 and 47 points respectively in November, remaining within the pessimistic range (below 50 points).

The expectations the 3-month sector fell from 49 to 47 points between October and November, while the expectations the 12-month sector fell from 56 to 53 points.

Regarding the expectations Regarding the situation of companies, the 3 and 12-month indicators decreased from 52 to 51 and from 58 to 57 points between October and November.

In addition, investment expectations of the companies at 3 and 12 months fell to 43 and 51 points, respectively.

Regarding the current situation, the business, sales and production indicators fell in November to 50, 50 and 53 points, respectively.

On the other hand, the BCR indicated that inflation expectations of the economic agents for 2021 are between 4.1% and 5.8%, a reflection of the recent increase in the inflation rate due to transitory supply factors.

For 2022, the expected inflation rate is above the target range (between 3.2% and 3.6%), while for 2023 between 2.8% and 3%, within the target range of the issuing entity .

In addition, the BCR pointed out that inflation expectations At 12 months, economic analysts and the financial system went from 3.61% in October to 3.71% in November.