Business confidence up, consumer confidence down in November


Economic research institute GKIʼs combined gauge of business and consumer confidence rose to 5.0 points in November, up from 4.2 points in the previous month.  The standalone business confidence index rose from 10.5 points to 11.7 points as expectations improved in all sectors apart from industry, where they were unchanged.

Industrial companiesʼ assessments of output in the previous period and their outlook for production deteriorated, but assessments of inventories and orders improved. Investment plans for next year were slightly stronger, the GKI research reveals, as summarized by state news agency MTI.

The measure of construction companiesʼ confidence reached a new high. Within this, building construction companiesʼ expectations slightly deteriorated from the previous month, while civil engineering companies were slightly more optimistic. The assessment of output in the previous three months improved, as did confidence with respect to orders. 

The commercial sector confidence index was slightly higher as views on sales positions and orders improved, but assessments of inventories worsened. 

The service sector confidence index rose in November on improved turnover expectations.

Intentions to raise prices became stronger in every sector, as did inflationary expectations of consumers.  The standalone consumer confidence index edged down  from -13.8 points to -14.2 points.

Consumersʼ expectations of their prospective financial position worsened, although they indicated that their ability to make savings has slightly improved.   

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

Lender Liquidity Increases Further Banking

Lender Liquidity Increases Further

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Home Rental Rates in Hungary Rise 11.7% in March Residential

Home Rental Rates in Hungary Rise 11.7% in March

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...


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.