After the panic in April, pessimism eased in May, except the industry

In May, presumably as a result of the lockdown easing measures announced by the govern-ment, almost all sectoral and consumer confidence indices increased and eliminated one-third of their dramatic fall in April. However, pessimism in industry intensified further. GKI’s eco-nomic sentiment index rose by 5 points to -28 points after falling by 29 points in April, still re-flecting pervasive pessimism. The consumer confidence index increased by more than 10 points and the business one by only 3 points. It is true, however, that the fall in April was also more pronounced in the business sector (37 and 25 points, respectively).

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