GKI’s economic sentiment index exceeded its pre-crisis level in May

After an unprecedentedly large rise in April, GKI’s economic sentiment index made a much smaller, but still significant step up in May, reaching its pre-pandemic level of Feb-ruary last year. The last time business expectations were optimistic like this was at the end of 2019, according to a survey conducted by GKI Economic Research Co. with the support of the EU, whereas consumer expectations were still below their pre-crisis levels of March last year. More…