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GKI confidence index continues upwards

GKI's combined consumer-business confidence index, compiled with the support of European Union, rose for the fifth month in a row in September, climbing to -30.7 points in September from -32.4 points in August.

The business confidence index improved to -21.5 points in September from -22.8 points in August. Expectations of industrial companies were little changed in August after improving for five months. Their assessment of production in the past period improved noticeably, but was hardly changed for the coming period.

Assessment of order stock was also unchanged, though it improved for export orders. Stocks of companies' own products grew slightly. Confidence in the construction industry deteriorated slightly in September after improving for three months in a row.

Companies gave a better assessment of output in the past three months, but said order stock was lower. Fewer companies planned to make new hires. (MTI – Econews)