GKI consumer-business confidence up in May


Hungarian economic think tank GKI's combined consumer and business confidence index inched up to -19 in May after reaching an all-time low of -22.5 in April.

GKI's business confidence index improved to -7.3 in May from -10.9 in April. The consumer confidence index rose to -52.3 from -55.4.

Both businesses' and households' outlook for the Hungarian economy improved in May compared to April, when the government coalition split up, GKI noted.

Among industrial companies, the outlook for production and the assessment of order stock for improved, though not for export orders. Fewer companies planned to make more hires and fewer saw price rises on the cards.

In the construction sector, the assessment of output continued to deteriorate, though that of order stock improved and more companies planned to hire workers. Fewer companies planned price rises.

In the trade sector, companies' assessment of their market position, order stock and inventories improved. More companies planned to raise prices.

In the services sector, outlook improved significantly, though order stock deteriorated slightly.

Consumers reported an improvement in their own financial positions, their ability to make savings and the employment outlook. But they were more pessimistic about price rises. (MTI - Econews)


Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


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.