Business and Consumer Confidence Survey, Q2-2020

Business and Consumer Confidence Survey, Q2-2020
Author: Monetary Policy Departament
Printed on: 06.07.2020
Production date: 06.07.2020
Material category : Vrojtime periodike / Business and consumers survey
The Economic Sentiment Indicator (ESI) recorded its lowest historical level, during the second quarter of 2020, since the start of its measurement in 2002. The contraction of this indicator by 50.2 points shifted it close to 52.6, considerably below its long-term average (Chart 1). The contraction of ESI reflected both the deterioration of business confidence, particularly in services sector, and consumer confidence. Business and Consumer confidence reached the lowest ever recorded level.