GKI: economic expectations deteriorated in August

By: Trademagazin editor Date: 2020. 08. 24. 11:50

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The dynamic rise in the GKI business cycle index came to a halt in August after the April low, with half of the April fall caused by the pandemic being offset by economic agents over the past four months. In August, consumer expectations deteriorated slightly, and business expectations hardly changed – the GKI Economic Research told MTI.

According to a survey conducted by GKI with the support of the European Union, the economic index of GKI decreased by 0.8 points to minus 19.0 points in August. The consumer confidence index deteriorated by 3.7 points to minus 29.6 points in August, while the business index changed by 0.1 points to minus 15.3 points compared to July. (MTI)