Business confidence falls slightly in June

Analysis

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Business confidence edged lower in June after returning to pre-crisis levels in the previous month, a gauge of sentiment by economic research institute GKI shows.

GKI's monthly business confidence index slipped to 2.1 points in June from 2.9 points in May. The index stood at 0.7 points in February 2020, before dropping into negative territory ahead of the first wave of the pandemic.

Sentiment in the industrial sector deteriorated on a worsening outlook for production, although assessments of order stock and of output in the previous months were better.

Confidence in the construction sector was little changed for the second month in a row, following a marked improvement in April.

Sentiment in the commerce sector improve in June as assessments of sales positions were better, but companies were a little more pessimistic about orders and inventory levels.

Confidence in the service sector was unchanged from the previous month.

GKI's gauge of consumer confidence rose to -14.5 points in June from -18.3 in May.

 

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