ADVERTISEMENT

Consumer, business confidence improve in November

Logistics

GKIʼs combined consumer and business confidence index rose to -2.2 points in November, up from -4.5 points in October, Hungarian news agency MTI reported today. The separate business confidence index rose from 1.0 to 2.8 points.

In the industrial sector, the outlook improved for production, order stocks – with the exception of export orders – and inventories, though the assessment of production in the past months worsened. More companies plan investments, especially in 2017. 

The measure of confidence in the construction sector reached a 14-month peak as orders improved.

Sentiment among commercial companies slipped back to the level in September as assessments of sales positions and orders deteriorated. Inventories improved, however.

Confidence in the service sector improved, too.

The consumer confidence index rose to -16.5 points, up from -20.3 points. Fear of unemployment eased and inflation expectations fell.

GKIʼs measure of consumer and business confidence is supported by European Union funding.

ADVERTISEMENT

OECD projects Hungary GDP growth will slow to 5% in 2022 Analysis

OECD projects Hungary GDP growth will slow to 5% in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.