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Abstract
Business situation in the trade sector improved in the 1st quarter of 2020. The IRG SGH trade confidence indicator (IRGTRD) quarterly increased by 8.8 pts to 0.8 pts, but is now 9.4 pts down from the respective year 2019 figure and 3.8 pts down from the four-quarters' average over the last ten years (which amounts to 4.6 pts). Though the confidence indicator and the balances of: traders' general and financial situation, purchases of (domestically produced and foreign) goods, employment and storage space declined, the surveyed firms assessed their general economic situation as good. In January they expected their trading activity to improve over the next two quarters.(original abstract)