GKI’s growth index has declined

In October, the GKI’s economic activity index fell slightly in October compared to its historic peak of September. This is a consequence of the deterioration of business expectations, however consumer expectations are improved within error limits – the GKI Economic Research Co. told MTI.

According to the survey conducted with the support of the European Union, the growth index fell from 5.4 points in September to 4.2 points, while the business confidence index declined from 12.3 to 10.5 points. The consumer confidence index improved from minus 14.3 to minus 13.8 points within a month. (MTI)