WKK rises by 0.7 pts in August

 The Business Leading Indicator (WKK), which informs in advance about future trends in the economy, increased by 0.7 points m/m in August this year, the Investment and Economic Cycles Office (BIEC) reported. Due to rising salaries and growing social expenditures, internal demand is still driving economic activity. “However, foreign demand is clearly weakening as the economic downturn in the European Union countries continues,” BIEC stated.

(PAP)