Business, consumer confidence slip in June
GKIʼs combined gauge of consumer and business confidence stood at -3.7 points in June, down from -3.2 points in the previous month, Hungarian news agency MTI reported this morning.
The business confidence index fell to 1.7 points from 2.3 points as sentiment improved in industry and construction but deteriorated in trade and services.
Industrial companiesʼ assessment improved in terms of order stock, output in the previous period as well as prospects for the coming months.
Construction companies gave more positive views than in the previous month although prospects for civil engineering companies worsened further. Those for building construction companies improved slightly.
Trade companies were generally optimistic.
Companies in the service sector grew more pessimistic, giving negative views of business in general and prospective turnover.
The consumer confidence index fell to -19.2 points in June from -18.9 points in May. Householdsʼ expectations were stable concerning their financial positions, but worsened in terms of their ability to make savings. They said their chances to make big-ticket purchases were deteriorating at the moment but would improve in the coming twelve months.
The seasonally-adjusted GKI index is supported with European Union funding.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Magyar Suzuki to Start Dual Training Courses
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
