GKI-Erste confidence index edges down in April


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.


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