Business expectations improved, while the consumer expectations deteriorated

Accordint to the survey of GKI Economic Research Co. – supported by the European Union the GKI Economic Sentiment Index increased in November.

 Following five months of decline industrial expectations are improving considerably. The industrial and service sector expectations improved, expectations in the trade sector did not change, but in the construction industry they deteriorated further.
The respondents expressed more favorable opinion than in October on the production, on its outlook and on the volume of booked orders – including export orders. They felt only the stock of own products higher than desirable, but the change from the previous month was negligible. Employment expectations improved as well. Investment plans for the next year are considerably higher than for this year. On the other hand, the price-increasing intentions have strengthened.