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August marks the fourth month of steady deterioration in business and consumer expec-tations. According to the empirical survey conducted by GKI Economics Research Co. with the support of the EU, business expectations fell by around 13 points since April this year, while consumer expectations dropped by nearly 30 points, and the latter also fell most sharply in August. The business confidence index was last at a similar low in spring 2021 and the consumer one in spring 2020, during the panic caused by the Covid pandem-ic restrictions. (For the first time in August, consumers’ opinions may have reflected the impact of the announcement of overhead increases.)

You can download the report from here.

You can reach the archive of survey summaries here.

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