Business expectations improved, consumer ones worsened in October

After a two-month decline within the statistical margin of error, GKI’s economic senti-ment index rose slightly in October; however, it still did not reach its July level. According to a survey conducted by GKI Economic Research Co. with the support of the EU, the im-provement in October was the result of more favourable business expectations, and a modest increase followed two months of stagnation. However, consumer expectations have been deteriorating for the fourth month in a row. As a result, GKI’s economic sen-timent index offset almost exactly half of its April fall by October.