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December 14, 2025 | 1 month ago
ONS surveys business leaders' confidence: “Industrial activity on the rise”
National industrial activity continued to grow during the second quarter of this year, according to the latest opinion survey conducted by the Office for National Statistics (ONS) among a sample of business leaders from both the public and private sectors.
The survey, which, as the Office points out, "covers several areas not addressed by traditional surveys (demand and distribution, labour, cash flow and equipment)", thus assesses the situation and prospects of the local industrial sector, "not quantitatively, but through a collection of opinions from business leaders". Those who responded to this new survey generally believe that "industrial activity increased in the second quarter of 2025 compared to the previous quarter", with the increase being "more pronounced" according to those in the private sector, according to the ONS document, which indicates that the production capacity utilisation rate during the period under review is estimated at over 75% according to most of the business leaders surveyed. Concerning raw material supply levels, the survey reveals that they were lower than demand, according to nearly 7% of public sector business leaders and nearly 30% of those in the private sector, "which led to stock shortages for more than 6% of them," it is pointed out. In addition, 13% of the business leaders surveyed said they "experienced power outages causing work stoppages of less than six days," while for water supply, "all respondents in both sectors said they were satisfied," according to the National Statistics Office.
"Stability of selling prices"
Concerning demand for various manufactured products, "stable selling prices" have contributed to its continued upward trend, according to the business leaders surveyed, who also mentioned an increase in staffing levels during the second quarter of the current year, with most of them considering the level of staff qualifications to be "sufficient", although more than 18% of managers in the public sector and more than 22% in the private sector said they were finding it difficult to recruit, while most of them stressed that they were "unable to increase production by hiring additional staff". In terms of production tools, nearly 30% of public sector business leaders and the majority of those in the private sector reported breakdowns during the quarter in question – albeit lasting less than six days – "mainly due to outdated equipment and overuse", according to the ONS survey, which reveals that "most respondents in both sectors say they could produce more by renewing their equipment and without hiring additional staff". Finally, in terms of companies' cash flow, 20% of public sector managers surveyed and nearly 28% of private sector managers rated it as "good", while the majority of the remainder described it as "normal". However, business leaders mentioned the impact of "longer debt collection times, high operating costs and loan repayments," which they said continued to affect their cash flow situation. It should also be noted that, according to the results of the same survey, "more than 7% of public and private sector business leaders say they have taken out bank loans and had no difficulty in doing so".
December 14, 2025 | 
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