Business confidence improves, consumer confidence slips in July

Logistics

Economic research institute GKIʼs combined gauge of consumer and business confidence rose to 4.2 points in July, a historic high, from 3.2 points in the previous month, Hungarian news agency MTI reported. The business confidence index rose to 11.3 points from 9.5 points.

The outlook for the industrial and construction sectors improved, but the outlook worsened slightly for trade and service companies.

Industrial companiesʼ assessment of recent output, orders and inventories was better, but their outlook for production worsened.

Construction companiesʼ assessment of recent output worsened, but their outlook improved.

Companies in commerce were more positive with regard to their sales position, but were less optimistic about prospective orders and inventories. 

In the service sector, there was a slight deterioration in overall sentiment as the companiesʼ assessment of prospective turnover deteriorated, but confidence was still high.

The consumer confidence index slipped to -15.9 points from -14.6 points. Fear of unemployment slightly increased, as did inflation expectations. Householdsʼ assessment of their own prospective financial positions worsened, but their ability to make savings was little changed.

GKI compiles the index with the support of European Union funding.

ADVERTISEMENT

Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.