In August, the business expectations continued to recover and of the 18 indicators of the month, 16 were located in the optimistic range (above 50 points), according to the latest Macroeconomic Expectations Survey of the Central Reserve Bank (BCR).
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For example, expectations about the situation of your company in three months went from 53 points in July to 55 points in the eighth month of the year. In 12 months, there was an increase of two points, from 61 points to 63 points.
The expectation for hiring also rose to 54 points, compared to 51 points a month earlier. In the same period, the indicator for company investment also increased from 51 to 52 points.
According to the survey, the current business situation indicator also left the pessimistic range (minus 50 points) and went from 49 points to 52 points. However, the current demand situation remains in this range compared to expectations, which registered 43 points.
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PROJECTIONS
On the other hand, the survey revealed that while the financial system projects that production growth will be 3% this year, both economic analysts and non-financial companies have revised their estimates downwards.
Analysts now expect growth of 2.9%, compared with a 3% forecast in July. Non-financial companies have changed their estimates from 2.8% to 2.7%.
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