GKI-Erste confidence index up slightly in August
GKI-Ersteʼs combined gauge of consumer and business confidence stood at -2.1 points in August, up slightly from -3.1 in July. The business confidence index edged up to 5.2 points in August from 5.0 in the previous month.
The consumer confidence index improved to -22.7 points from -26.0. Among businesses, industrial companiesʼ assessment of output in the previous period and of their order stock improved though the companies were less optimistic concerning their prospective output.
The construction sector index rose substantially as the companiesʼ assessment of output in the previous three months and the order stock improved. Trade companiesʼ assessment of sales positions rose slightly as inventories were up while their outlook for orders moved slightly downwards.
The service sector index was slightly down in August. Householdsʼ assessment of their own financial position improved and more said they would be able to make savings. Fewer people feared unemployment. The seasonally-adjusted GKI-Erste index is supported with European Union funding.
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