ADVERTISEMENT

Consumer confidence slips, business confidence up in February

Logistics

Economic research firm GKIʼs combined consumer and business confidence index slipped to 0.1 points in February, from 0.2 points the previous month, Hungarian news agency MTI reported. The standalone business confidence index rose slightly from 4.4 points to 4.5 points.

The industrial confidence index worsened as the outlook deteriorated for both output in the previous period and prospective output, as well as the assessment of orders, including export orders. 

The construction sector index reached a 28-month peak, mainly on improvements among civil engineering companies.

Sentiment among commercial companies improved minimally as assessments of sales positions and inventories improved, while that of orders slightly deteriorated. The service sector confidence index improved.

The consumer confidence index fell to -12.4 points from -11.7 points. Although fear of unemployment eased, inflationary expectations strengthened.

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

Poland Industrial Output Rebounds in June Analysis

Poland Industrial Output Rebounds in June

Tax Exemption for Tips Faces Technical, Legal Obstacles Government

Tax Exemption for Tips Faces Technical, Legal Obstacles

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Kimpton Bem Budapest Hotel Opens Hotels

Kimpton Bem Budapest Hotel Opens

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.