After the plunge in April, the GKI economic sentiment index climbed a little in May

Although the GKI economic sentiment index rose in May compared to April, it couldn’t reach the level of March. Business expectations remained worse than in March, despite an improvement in May. Consumer expectations also worsened in May compared to April. However, according to the survey conducted by GKI Economic Research – with EU support – both the business sector and consumers are less pessimistic than they were in the nadir of last autumn.

This article is available for reading in Trade magazin 2023/6-7.

Although the trade confidence index was up at an 8-month high in May following a 2-month decline, the sector remains by far the most pessimistic behind building and construction. The GKI consumer confidence index fell in April and May, following a considerable rise in February-March. In May consumers felt their own financial situation was a little worse than in April, and significantly worse than expected for the next 12 months. //