GKI-Erste: Business confidence worsens, consumer sentiment improves in October

Logistics

GKI-Ersteʼs combined gauge of consumer and business confidence stood at -0.8 points in October, up from -1.8 in September, Hungarian news agency MTI reported today.

The business confidence index fell to 5.8 points in October from 7.5 in the previous month. The consumer confidence index rose to -19.6 points from -28.3.

Businesses in all but the commercial sector were more pessimistic. Industrial companiesʼ assessment of output in the previous period and of the order stock including export orders improved while that of inventories and their production outlook deteriorated.

The construction sector index fell after rising in the previous two months as companiesʼ assessment of orders worsened.

Confidence in the commercial sector has reached its peak so far this year as the assessment of sales positions and the expectations for orders were markedly better. Companies in commerce said inventories were slightly higher.

Companies in the service sector said business was worse and the outlook has deteriorated.

Householdsʼ assessment of their own financial position improved and a larger number said they could make savings in the coming year. More households also said they planned big purchases in the coming period.

The seasonally-adjusted GKI-Erste index is supported through European Union funding.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.