GKI-Erste confidence index edges down in April

Logistics

The GKI-Erste combined consumer and business confidence index edged down to -19.3 in April from -19.0 in March, falling after improving for two months.

The business confidence index worsened to -9.0 from -8.1 and the consumer confidence index improved to -48.8 from -49.9, the gauge prepared with the support of European Union funding shows.
Industrial companies' assessment of production and order stock as well as their outlook was unchanged. The sector remained the most optimistic.
Construction companies' assessment of output in the previous three months improved, but the construction sector remained pessimistic.
Trade companies said order stock was down, but their sales positions improved. Service companies' expectations deteriorated slightly.
In terms of employment plans, the number of industrial and service companies that planned to make new hires was down again in April after rising in March.
Consumers' inflationary expectations decreased and fewer feared losing their jobs.
The assessment of the outlook of the Hungarian economy was slightly worse in all sectors as well as among consumers than in the previous month.
The consumer confidence index improved slightly for the third month in a row, however, households remain pessimistic. People felt their own financial outlook worsened, while their ability to make savings improved from a month earlier.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.