In November, the GKI economic index rose slightly

The GKI business confidence index rose noticeably (by 3 points) in November, after the decline in September and October. In the last autumn month, there was an improvement in industry and especially in the field of business services, the sectoral outlook in the construction industry hardly changed, while trade became slightly less favorable. In industry, the assessment of the entire order stock changed within the margin of error, the assessment of own production stocks and the expected production outlook for the next 3 months improved significantly on a monthly basis. In the construction industry, the assessment of the order book worsened, but employment expectations improved. In trade, satisfaction with the course of business in the previous 3 months deteriorated significantly, and the level of stocks also increased slightly, while the assessment of orders expected in the next 3 months did not change. In the service sector, the assessment of the business performance of the previous three months deteriorated somewhat, but the turnover and employment expectations for the next 3 months also became noticeably more favorable compared to October.

The GKI consumer confidence index is basically following an upward trend this year, setting a one-and-a-half-year record in October. November, on the other hand, brought a slight negative correction, the index fell within the margin of error compared to October. The population assessed their own financial situation in the last 12 months as slightly worse compared to the previous month. At the same time, the financial outlook for the next 12 months and the assessment of own money that can be spent on high-value consumer goods have hardly changed.