Business sentiment worsens, consumer confidence up

Logistics

Economic research company GKIʼs combined gauge of consumer and business confidence edged down to -2.6 points in February from -2.5 points in January, according to a report by Hungarian news agency MTI.

The business confidence index fell to 0.7 points in February from 1 point in the previous month. 

Confidence improved in the industrial sector after deteriorating for two months, but was still well under levels in November. Companies delivered better assessments of output and order stock in recent months and reported a brighter outlook for production.

In the construction sector, sentiment worsened, reaching a three-year low.

Confidence slipped in the commerce sector as companies were slightly more pessimistic about sales positions and inventories and noticeably more negative about orders.

In the service sector, the outlook worsened but overall assessments were little changed.

The consumer confidence index rose to -12.1 points in February from -12.5 points in January. Households were more optimistic about their financial positions, but less so about their ability to make savings. Fewer planned to make big-ticket purchases.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.