Still, the business sentiment indicator in February was down by 8.1 percentage points year-on-year, and was 2.4 percentage points below the long-term average.
At the monthly level, the increase was boosted by all sub-indicators bar that for confidence in manufacturing. Contributing the most to the increase, 1.6 points, was the consumer confidence index, followed by confidence in the services sector (1.2).
The sub-indicator for confidence in retail was up by seven points in February over January, while it was below the long-term average and February 2020 by 30 and 47 percentage points, respectively.
In construction, the business sentiment sub-indicator was up by five points over January, and by two points year-on-year. It was higher than the long-term average by 19 percentage points.
The sub-indicator for confidence in the services sector in February was meanwhile down by four percentage points over January, and 20 points lower year-on-year and 14 points lower than the long-term average.
In manufacturing, the sub-indicator was level compared to January, while increasing in comparison to February 2020 by four percentage points. It was also higher than the long-term average, by five points.