The index of economic confidence, which was 81.9 in December 2018, decreased by 4.2% to 78.5 in January 2019. The decline in the economic confidence index is due to the decline in consumer confidence, the real sector (manufacturing industry), services and retail trade.
In January, the consumer confidence index fell to 58.2, the confidence index in the real sector to 95.4, the confidence index in the service sector to 78.3 and the retail confidence index to 92.5. The confidence index in construction rose to 56.7 in January.
Economic Sustainability Index, January 2019
Economic confidence index, sectoral indices and rates of change, January 2019
The publication date of the next press release on this topic is February 27, 2019.
The economic confidence index is a composite index that summarizes the estimates, expectations and trends of consumers and producers in relation to the overall economic situation. The index consists of a weighted consumer confidence index, weighting of the sub-indices of the real sector (manufacturing industry), confidence indices in the service sector, retail trade and the construction sector.
The consumer confidence index has been published since January 2019, taking into account the seasonally adjusted indices, so subindexes are also used in calculating the economic confidence index.
When calculating the economic certainty index, the weight of each sector is divided equally between the normalized subindexes of this sector and is not applied directly to the confidence indexes. In this context, the calculation uses 20 sub-indices related to the consumer, real sector, services, retail trade and the construction sector.
The sub-indices used in calculating the economic confidence index are calculated using data collected in the first two weeks of each month.
The fact that the economic confidence index is over 100 indicates optimism about the general economic situation, and the fact that less than 100 indicates pessimism about the general economic situation.
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