Business and Consumer Confidence Survey, October 2024

In October 2024, the Economic Sentiment Indicator (ESI) was slightly up, by 0.4 points. The current level of ESI stands around 13 points above the historical average (Chart 1). The improved ESI in October was mainly due to the higher confidence in the sector of services. Also, higher consumer confidence and the increased confidence in the trade sector provided their impact in this regard, though at a lower extent. On the other hand, confidence indicators in the sectors of industry and construction have declined compared to the previous month (Chart 2).