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Confidence index rises for third month in a row

Economic think tank GKI's consumer confidence index rose to -64.3 points in June from -68.3 points in May, climbing for the third month in a row after plunging since October.

The index, which GKI prepares with European Union support, reached its highest level of the year.

More households said they could make short-term savings in June than in May. Their assessments of the economic situation of the country, unemployment and their own financial positions also improved, though within the margin of statistical error. Fear of unemployment subsided slightly, at the same time, inflation expectations grew. (MTI-ECONEWS)