Consumer confidence declines, business sentiment improves
Economic research institute GKIʼs combined gauge of consumer and business confidence was largely unchanged in April compared to the previous month, Hungarian news agency MTI reported. The standalone business confidence index rose from 4.7 to 6.4 points.
Industrial companiesʼ assessment of their order stock improved, though only for domestic orders. The outlook for production was also better and inventories were up.
Construction companiesʼ sentiment was unchanged, but still optimistic.
In the service sector, there was a slight improvement in the overall sentiment, but expectations for turnover were a little lower.
The consumer confidence index fell from -11.5 to -16.4 points. Fears of unemployment grew, but were still relatively low. Householdsʼ assessment of their own financial position deteriorated, as did the view of their ability to make savings.
GKI compiles the index with the support of European Union funding.
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