GKIʼs measure of confidence in the business sector dropped to 1.5 points in December from 7 points in November.
Confidence in the industrial sector fell to a six-year low on worsening assessments of output, order stock and inventories, and a dimmer outlook for production.
Sentiment in the construction sector deteriorated among both building construction and civil engineering companies as their assessments of output and inventories worsened.
Confidence in the commerce sector was little changed. Assessments of sales positions and the outlook for orders deteriorated, but views on inventory levels improved.
The outlook in the services sector was little changed in December.
GKIʼs consumer confidence index rose to -8.4 points in December from -9.8 points in the previous month. Households were more optimistic about their financial positions and their ability to make savings, but their propensity to make big-ticket purchases declined.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
