Consumer confidence edges up in Nov - GKI
Photo by AlexLMX / Shutterstock.com
Economic research institute GKIʼs gauge of consumer confidence edged up to -33 points in November from -34.1 points in the previous month, according to a report by state news wire MTI.
Photo by AlexLMX / Shutterstock.com
The index has recovered about 43% of a drop in April, when the country went into pandemic lockdown.
Householdsʼ assessment of their own financial situations improved a little in November and stand at about half of the pre-pandemic level.
Their outlook for the Hungarian economy also improved.
Consumersʼ fear of unemployment moderated, but to a lesser degree than the improvement in overall sentiment.
Householdsʼ evaluation of their ability to make savings was little changed. Slightly more said they planned to buy big-ticket consumer durables.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
