There was a slight improvement in the GKI-Erste confidence indices following a plummet observed in March. Business confidence rose palpably while consumer confidence grew only marginally, and both remained below their respective February levels.
There was a slight improvement in the GKI-Erste confidence indices following a plummet observed in March. Business confidence rose palpably while consumer confidence grew only marginally, and both remained below their respective February levels.
In September, the improvement of the GKI economic sentiment index adjusted for seasonal effects came to a halt after its significant and nearly continuous rise that had started last May. Both business and consumer expectations decreased slightly.
The 19-point drop of the value of the index in nine months has been unprecedented. During the ten-year history of the survey, today's strong pessimism was matched only once, in July 2002. The outlooks have grown worse on all market sectors included in the survey, obviously not at the same rate.
