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GKI-Erste: Consumer confidence worsens

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Despite improved outlook for businesses, GKI-Ersteʼs combined gauge of consumer and business confidence edged down to -3.6 points in March from -3.2 points in February due to worsening consumer expectations, the two companies announced today.

The gauge revealed that the business index rose to 4.2 points from 3.5 points, while the consumer index fell to -25.8 points from -22.4 points.

The gauge noted that  improved assessments of domestic order stock and inventories in the industrial sector lifted confidence among businesses. Sentiment in the construction sector was little changed from a month earlier, while commercial companies said sales positions and the outlook for orders worsened. Sentiment in the service sector deteriorated slightly.

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