Monitoring sectoral financial flows: economic activity stays subdued
Judging by the amounts of payments in early June, economic activity may be assumed to have stabilised at a subdued level. Over the week from 1 through 5 June, the downward deviation of incoming payments from normal increased from 10.4% to 14.2%, returning to the level recorded on
This change in payments at the beginning of June was mainly caused by trends in investment demand industries. The situation deteriorated in such sectors as construction, architecture, design and engineering, and research and development.
Conversely, the majority of industries focusing on consumer demand are gradually bouncing back as the restrictions are eased. However, the performance of a broad range of intermediate consumption-related sectors is declining, apparently due to the impact of secondary effects from the earlier slump in consumer and investment demand.
