In January, the GKI economic index rose to its highest level in a year and a half

The GKI economic index rose by more than 2 points in January compared to December. This indicator was last this high in July 2022, the last month before the energy crisis. The mood of the business world did not improve at all in January, in fact, the GKI business confidence index fell by 1 point, within the margin of error. In the first month of this year, a perceptible negative change occurred only in industry (a 2-point drop), in the other three sectors, the companies’ prospects remained practically unchanged compared to December. In industry, the assessment of the entire order book hardly changed, the level of self-produced stocks rose slightly, and the expected production outlook for the next three months worsened. In the construction industry, the assessment of the order book improved significantly, but employment expectations became more cautious. In trade, satisfaction with the course of business in the previous three months increased, but stocks became higher and the perception of expected orders in the next three months also worsened. In the service sector, the assessment of the business performance of the previous three months changed in a favorable direction, but the turnover expectation for the next three months worsened compared to December, while the employment plans did not change.

The previously published GKI consumer confidence index rose to an almost two-year high in January. The population assessed both their financial situation in the last 12 months and their financial prospects for the next 12 months as strongly improving.