The countrys economic situation is reported to have improved slightly. Representatives from industry and the manufacturing sector confirmed better plant utilisation and increasing order intakes.
The economic survey conducted by the Office of Statistics (AS) comprises assessments of the business outlook of 46 companies in the first quarter of 2016. In terms of employment, these companies represent around 70 per cent of the industrial sector and 30 per cent of the population of Liechtenstein. 79 per cent reported satisfaction with the situation, according to AS, while 15 per cent described it as good. Only 6 per cent perceived it as negative. The survey reveals a higher level of machine and plant utilisation than in the previous quarter. Company outlooks have also improved, following an increase in orders and in earnings performance.
There are differences in opinion between the metal and non-metal industries, and the construction sector, however. In the metal industry, 92 per cent of companies described the business climate as satisfactory, 7 per cent as good and 1 per cent as negative. In the non-metal industry however, while 1 per cent agreed the outlook was negative, some 27 per cent were positive, describing it as good.
Meanwhile, optimism in the construction sector fell: in 2015, 15 per cent of companies described the situation as good. By March 2016, none of them agreed with this assessment, with 37 per cent describing the situation as satisfactory and 63 per cent as poor.