Consumer, business confidence reaches highest level in two years
The GKI-Erste combined consumer-business confidence index rose to -16.7 points in May from -21.7 points in April, reaching a two-year high. The business confidence index climbed to -10.5 points from -15.6 points. In the industrial sector, both the assessment and outlook for output improved. Companies were also more optimistic about order stock. Assessment of output and order stock improved at a faster pace in the construction sector. Wholesalers and retailers were more optimistic about sales positions and orders, but said inventories were slightly up. Service sector companies were slightly less confident in May as the outlook for turnover worsened. The consumer confidence index increased to -34.4 points from -38.9 points. The outlook for households continued to improve as it has since last autumn. More planned purchases of big-ticket items and more said they could make savings.
Report Points to Increased Risk on Commercial Real Estate Ma...
Chinese President to Visit Budapest in May
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.
