GKI: Consumer, business confidence slips in February
GKIʼs combined gauge of consumer and business confidence stood at -1.8 points in February, down from 1.0 point in the previous month.
The business confidence index fell to 4.7 points from 7.2, as sentiment slipped in all sectors.
Industrial companiesʼ assessment of their current position was unchanged and their outlook for production improved, but they were more pessimistic about order stocks.
Construction companiesʼ assessment of output over the past three months as well that as of order stock deteriorated.
Confidence in the trade sector edged down, albeit within the margin of error. Trade companies said inventories were worse.
Service sector companies said business was worse and the outlook was dim.
The consumer confidence index fell from -16.6 to -20.2 points points in February. Householdsʼ outlook concerning their financial positions and ability to make savings worsened. Fewer planned to make big-ticket purchases in the future.
The seasonally-adjusted GKI index is supported with European Union funding.
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