ADVERTISEMENT

Consumer, business confidence up in December

Logistics

GKIʼs combined consumer and business confidence index rose to -0.9 points in December, up from -2.2 points in November, according to a report by Hungarian news agency MTI.

The business confidence index alone rose from 2.8 points to 3.7 points, according to the report.

In the industrial sector, the improvement was mainly due to more positive views of orders, including export orders, while the assessment of production in the past months improved as well. On the other hand, views on the production outlook and inventories deteriorated. The measure of confidence in the construction sector reached a 15-month peak as orders improved.

Sentiment among commercial companies improved as assessment of sales positions slightly deteriorated, while that of inventories and orders considerably improved.

The service sector confidence index was almost unchanged from the previous month.

The consumer confidence index, meanwhile, rose to -14.1 points from -16.5 points, as fear of unemployment eased and inflation expectations weakened.

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

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.