The business confidence index fell slightly further in November after a big drop in October. Con-sumer sentiment, on the other hand, improved slightly, although it remained gloomier than its terrible pessimism of September. 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. Consumers were still more pessimistic than they were in the Covid panic of spring 2020. The good news, however, is that the business sector’s willingness to employ slightly strengthened, its intentions to raise prices weakened, while consumers’ fear of unemployment and inflationary expectations also changed in a favourable direction.
You can download the report from here.
You can reach the archive of survey summaries here.