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GKI economic sentiment index July 2017 | source: GKI

New economic sentiment index

D&T
July 31, 2017

GKI's economic sentiment index and the business confidence index have never been as high as now so far during its more than twenty years of history. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU consumer expectations deteriorated slightly compared to June, although they still reflect strong optimism.

In July, industrial and construction expectations in the business sector also reached their historic peak, whereas the optimism of trading and service companies fell somewhat compared to June, although it remained strong. In industry, the assessment of the production of the preceding period, the stock of orders (including exports) and stocks improved. Only production expectations weakened.

In construction, the expectations of companies in structural and civil engineering became more favourable. For example, opinions on incoming orders improved noticeably. At the same time, the assessment of production in the preceding quarter deteriorated significantly.

Although the trade confidence index declined slightly, it remained within the relatively narrow band in which it fluctuated in the past three and a half years. The assessment of sales positions improved slightly, whereas that of stocks and incoming orders became a bit worse. Although the services confidence index declined somewhat, it is still very high. Although the evaluation of the general business climate improved, that of turnover worsened.

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