GKI’s business confidence index fell in October, and the lack of demand was already a bigger problem than the labour shortage in many places

GKI’s economic sentiment index has been falling for six months in October. While in previous months this was mainly due to a fall in the consumer confidence index, in October it was mainly due to a sharp drop in business expectations across all sectors. According to a survey conducted by GKI Economic Research Co. with the support of the EU, business expectations were similarly negative during the Covid period of early 2021.

You can download the report from here.

You can reach the archive of survey summaries here.