“The slight rise in the industrial expectations curve was due to slightly improved expectations for employees, that is, companies are increasingly thinking about increasing the number of employees in the near future. Apparently, companies hope that the stagnation of demand is coming to an end (even if the expectations for it have decreased again), and are looking for potential employees, in case they notice a more significant recovery in demand”, the organization’s economist Eglė Stonkutė said in the LPK report.
According to her, layoffs are still possible in the near future only in the sectors of sewing clothes and production of non-metallic mineral products.
At that time, companies in the computer, electronic and optical product manufacturing and rubber and plastic manufacturing sectors are in the process of hiring additional employees.
“Every second company there is considering increasing the number of employees in the near future. Expectations for industrial output production forecasts remained disappointing, but industrial companies’ expectations for output demand eased slightly. It can be said that this has already become a constant cause of anxiety for all industrial companies since the beginning of 2023”, said E. Stonkutė.
Production capacity utilization in September, compared to August, did not change and remained at 72.4 percent. According to LPK, this result is lower than the long-term indicator (75%). Their higher than average use was recorded only in the production of food (86.1%), metal, excluding machines and devices (85.3%), and textiles (74.8%).
The industry expectations index has been compiled since 2015. During this time, the highest value of the index was fixed in May 2021 – 54.5, the lowest – in April 2020 – 38.9.
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2024-10-05 23:56:23