The value of GKI's economic sentiment index adjusted for seasonal effects improved further in August and thus the index has been increasing since May. According to the survey conducted by GKI Economic Research Co. (www.gki.hu) with the support of the European Union, expectations exceeded slightly the level of last November. Expectations improved markedly in August though they remained still rather pessimistic, especially among households.
In the business sphere expectations improved in all industries. The confidence index of industry has improved for the fifth consecutive month and the value of this is index was significantly higher this August than it had been last November. The evaluation of the production of the past three months and the expectations concerning production for the next three months both improved. Read more here.