The business confidence index fell to 4.7 points from 7.2, as sentiment slipped in all sectors.
Industrial companiesʼ assessment of their current position was unchanged and their outlook for production improved, but they were more pessimistic about order stocks.
Construction companiesʼ assessment of output over the past three months as well that as of order stock deteriorated.
Confidence in the trade sector edged down, albeit within the margin of error. Trade companies said inventories were worse.
Service sector companies said business was worse and the outlook was dim.
The consumer confidence index fell from -16.6 to -20.2 points points in February. Householdsʼ outlook concerning their financial positions and ability to make savings worsened. Fewer planned to make big-ticket purchases in the future.
The seasonally-adjusted GKI index is supported with European Union funding.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
