In January 2017, the GKI economic sentiment index has improved for the third consecutive month, approaching its level of a year ago. According to the empirical survey conducted by GKI with the support of the EU, business expectations reached only their level in the summer of 2016, whereas consumer expectations were more favourable than today last time only in February 2006, i.e., eleven years ago. The GKI economic sentiment index has fluctuated in a relatively narrow band for three years, and now it is somewhere around the top of this band.
consumption
The GKI consumer confidence index reached its ten-year peak
After November, the GKI economic sentiment index rose again in December. According to the empirical survey conducted by GKI with the support of the EU, business expectations increased slightly, whereas consumer ones went up more strongly, reaching their ten-year peak (being almost at their level of April 2006). The GKI economic sentiment index has fluctuated in a relatively narrow band for three years, and now it is somewhere around the top of this band.
Both business and consumer expectations improved in November
Following its three-year low in October, the GKI economic sentiment index strengthened to its spring level in November. According to the empirical survey conducted by GKI with the support of the EU both business and consumer expectations improved in November. The GKI economic sentiment index has fluctuated in a relatively narrow band for two and a half years, and now it is somewhere around the middle of this band.
GKI economic sentiment index rose markedly in July
Expectations of industrial and especially service companies improved considerably in July in the business sector, whereas those of commercial and construction companies deteriorated slightly. The industrial confidence index has not been so high for a year and a half. The assessments of both production and the stock of orders (including exports) have improved. Industrial companies considered their capacity utilization more favourable than a quarter before; however, their competitive position was assessed as decaying.