GKI: This year's business expectations are in nadir in July
Compared to the April peak, the business and consumer confidence expectations have deteriorated in July.
However, the reduction of the GKI-Erste sentiment index was due to the significant drop in the business confidence index.
Within the business sphere, the expectations of all sectors – excluding construction industry – have declined in July, compared to the previous month. The business confidence index fell from 5.4 points to 1.4 points, so overall, more companies expect improvement than a deterioration. GKI’s survey was carried out with the support of the European Union. (MTI)
Related news
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >