Survey: Business, consumer confidence improve slightly

GKI-Ersteʼs combined gauge of consumer and business confidence stood at -1.5 points in December, up from -1.7 in November.

The business confidence index edged up to 4.7 points in December from 4.6 in the previous month. The consumer confidence index rose to -19.2 points from -19.6.

Industrial companiesʼ assessment of output in the previous period as well as their production outlook deteriorated. Their assessment of inventories improved.

The construction sector index corrected after falling in the previous two months as companiesʼ assessment of their output in the previous period and that of orders improved.

Commercial companiesʼ assessment of sales positions and inventories as well as their expectations for orders worsened.

Companies in the service sector said business was better and their outlook improved.

Householdsʼ assessment of their own financial positions slightly worsened but more said they could make savings in the coming year.

The seasonally-adjusted GKI-Erste index is supported with European Union funding.

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