BoC's Business Outlook Survey: Sentiment is strongly negative in all regions and sectors due to impacts from COVID‑19 pandemic and drop in oil prices
Notícias do Mercado
6 julho 2020
BoC's Business Outlook Survey: Sentiment is strongly negative in all regions and sectors due to impacts from COVID‑19 pandemic and drop in oil prices
Overall Business Outlook Survey indicator fell sharply (to -7.0 in Q2 from 0.5 in Q1) due to the impacts of COVID‑19 pandemic and measures to contain the spread of the virus
Businesses expect weakness in domestic and foreign demand to continue due to impacts from COVID‑19 and low oil prices
Forward-looking sales indicators collapsed; now at a record-low level, future sales indicators are suggesting a notable decline in sales growth in the near term
Softer sales expectations are widespread across all regions and sectors, with firms often expressing high degree of uncertainty about consumer behaviour and future demand
Half of exporters expect their sales abroad to decrease over the next 12 months
However, many businesses expect weakness in their sales to be temporary and not extend over entire 12-month period ahead; half of firms anticipate that their sales will mostly recover within next year as pandemic-related impacts recede
Businesses in most regions and sectors intend to significantly cut their investment spending; hiring plans are muted
Expectations for input and output price growth as well as for overall inflation are all down considerably because of weak demand related to the pandemic
Firms’ inflation expectations declined significantly to a near-record low; many businesses anticipate inflation will be below 1 percent over the next two years
Credit conditions have tightened significantly, but government measures are helpful offset
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