GKI’s economic sentiment index declined slightly in February

Although GKI’s economic sentiment index declined slightly in February, both business and consumer expectations remained more favourable than at the end of last year. Ac-cording to a survey conducted by GKI Economic Research Co. with the support of the EU, the economic sentiment index offset just over half of its fall in April last year by February this year. More specifically, the business confidence index offset about 60 per cent of its fall, and the consumer one 40 per cent.

 

You can download the report from here.

You can reach the archive of survey summaries here.

GKI’s economic sentiment index started the year with a noticable increase

GKI’s economic sentiment index rose markedly in January. Although it reached its highest level since the start of the pandemic, it offset only just over half of its April fall. According to a sur-vey conducted by GKI Economic Research Co. with the support of the EU, both business and consumer expectations improved in the first month of the year.

 

You can download the report from here.

You can reach the archive of survey summaries here.

In December, GKI’S economic sentiment index almost completely offset its November fall

GKI’s economic sentiment index rose sharply in December. It almost reached its October level again, which was much more favourable than the April low, but had been at a fairly low level since the beginning of summer. According to the survey conducted by GKI Economic Research Co. with the support of the EU, the improvement was due to more upbeat business expecta-tions, and the pessimism of all sectors decreased significantly. The consumer confidence index, on the other hand, fell sharply in December after a minimal rise in November. The fact that households are always asked at the beginning of the month and companies in the middle of the month might play a role in the different trends of consumer and business expectations in the last two months. Thus, households did not yet perceive the restrictions caused by the pan-demic in early November, whereas a significant number of companies responded in December with the knowledge of the agreement with the EU.

You can download the report from here.

You can reach the archive of survey summaries here.

Fighting against the virus and the rule of law – GKI’s forecast in December 2020

According to the HCSO, economic developments picked up significantly in the third quarter of 2020 compared to the previous one, faster than expected. However, we already know that the fourth quarter will certainly be significantly worse. This is due to the second wave of the pandemic, the dampening effects of restrictive measures on supply and demand, and the impact of all this in deteriorating economic expectations.

You can download the forecast from here.

The archive of earlier forecasts is available here.