In May, the economic index of the GKI barely changed

The GKI economic index, which is a summary indicator of corporate and residential prospects, fell within the margin of error by a narrow 1 point compared to the previous month. The GKI business confidence index, an economic indicator summarizing the prospects of the entrepreneurial sector and condensing it into a single number, has been fluctuating in an extremely narrow band since last July. The index did not break out of this range in May either, it fell by 1 point within the margin of error compared to the previous month. In the current month, a markedly favorable change occurred only among construction companies (a 3-point increase), the picture did not change in trade, while expectations in industry and business services worsened slightly (a 1-2 point drop). In industry, only self-produced inventories were more favorable than in April. The evaluation of the entire order book has slightly deteriorated, but the expected production outlook for the next three months has deteriorated substantially. In the construction industry, the evaluation of the order book and employment expectations also improved noticeably. In trade, satisfaction with the course of business in the previous three months decreased slightly, the opinion about the stock level did not change, while the evaluation of orders expected in the next three months became more favorable. In the service sector, the assessment of the business performance of the previous three months deteriorated slightly, and turnover expectations for the next three months and employment plans hardly changed.