GKI-Erste consumer, business confidence nears all-time low

Logistics

GKI-Erste’s combined consumer and business confidence index slipped to -26.8 points in January from -24.6points in December, nearing its all-time low of -27.6 points in November 2009.

Among businesses, expectations in the industrial and construction sectors were unchanged from December, but the outlook for trade and services companies worsened.

In the industrial sector, the outlook for production and for stock of orders worsened, but the gauge of inventories and production in the recent period improved. Industrial companies’ assessment of export orders was unchanged.

More industrial companies planned to make new hires in January, but the propensity to increase headcount fell in all other sectors.

GKI’s consumer confidence index reached -56.6 points in January, just over the -56.9 points in September 2009. Households’ assessment of their own financial situations worsened but slightly more said they expected to be able to make savings in the coming year. A few more said they could buy big-ticket consumer products in the future.

Consumers were more optimistic about the future than they were in their assessment of the past.

ADVERTISEMENT

Business confidence edges up as consumer sentiment weakens Analysis

Business confidence edges up as consumer sentiment weakens

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.