Weather
14 ° C
14°C
5°C
Sunny
Breaking News

3 Covid cases on 28 Feb, 41 hospitalised, 10 in ICU, 136 home monitored, 1,710 recoveries, 24 deaths, 289 incidence rate, 8,200 people vaccinated

Business climate stabilising in Principality

Business climate stabilising in Principality

By Stephanie Horsman - August 14, 2020

IMSEE’s report on the business climate of Monaco in June shows a certain stabilisation despite overall low levels of trade.

According to merchants and businesspeople questioned by the statistics group, the business climate in Monaco was more stable in June, though it was still lower than usual levels in the auto repair and retail sectors.

The summary indicator lost 1 point compared to May, which was revised +3 points compared to the last publication. This stabilisation resulted from a low level of management intentions, which was offset by an improvement in planned employment. The opinion balance for the general labour market outlook fell back slightly and remained clearly below its average level.

The balance of past sales, although well below average, was relatively stable. The trend was more complicated for sales forecasts, which continued the rebound that began in April and were approaching normal.

Inventory levels showed a slight improvement but were below their long-term average.

Despite an increase in May, order intentions were weakened and forecasted prices deteriorated, falling below their average level.

The balance relating to employment increased slightly. Planned employment picked up but remained below its long-term average.

The number of customers was weakened by the health crisis and is comparable to that of the previous month.

 

Photo: One Monte-Carlo complex, by Monaco Life, all rights reserved

 

 

shares
SHARE
Previous articleInaugural Art Fair in August
Next articlePhotos: Inside Monaco’s new penthouse suite

daily

March 1, 2021 | Business & Finance

Owners of two or more cars targeted in price hike

Stephanie Horsman

The government is cracking down on car owners who leave their cars parked in public lots for extended periods without moving them by hiking rates up by €60 a month.

0
February 28, 2021 | Business & Finance

Financial aid extended

Cassandra Tanti

The government has strengthened economic aid for businesses hard hit by the Covid health crisis, guaranteeing further support for the first quarter of 2021.

0
February 23, 2021 | Business & Finance

New Ambassador of Monaco to Australia

Cassandra Tanti

At more than 16,000kms and 10 hours apart, Monaco’s Ambassador to Australia Marie-Pascale Boisson has presented her credentials in the first virtual diplomatic ceremony of its kind.  

0
February 23, 2021 | Business & Finance

Who makes up Monaco’s public service?

Cassandra Tanti

The number of cross-border workers employed by the government is increasing, with more than 53% of all civil servants in 2020 coming from France, according to the latest report by IMSEE.

0