In Q2 of 2025, compared to Q1 of 2025, the present business situation indicator worsened in the manufacturing sector by 17.6 points and in the construction sector by 6.8 points. Meanwhile, the indicator improved in the In Q2 of 2025, compared to Q1 of 2025, the BAG Business Climate slightly decreased by 0.2 points. Moreover, in this period, the assessment of the present business situation improved by 4.6 points, and business expectations worsened by 5.7 points.

The figures for Q2 of 2025 improved compared to Q2 of 2024. The BAG Business Climate indicator increased by 6.2 points. In particular, the present business situation indicator worsened by 10.3 points, while the business expectations indicator improved by 23.5 points.

Business expectations indicator, it worsened in the manufacturing sector by 10.8 points, in the services sector by 9.8 points, and in the trade sector by 1.8 points, while it improved in the construction sector by 3.0 points.

It is worth noting that in Q2 of 2025, the present business situation indicator was highest in the trade sector and lowest in the manufacturing sector, where the indicator remained below zero. Among the sectors, the most positive business expectations were recorded in the trade sector, while the most negative expectations were observed in the construction sector.

In Q2 of 2025, compared to Q2 of 2024, the business climate indicator declined in the manufacturing sector by 14.4 points and in the construction sector by 2.2 points. Meanwhile, the business climate indicator increased in the trade sector by 26.3 points, and in the service sector by 0.6 points.