Business confidence improves as consumer sentiment worsens

Analysis

Economic research institute GKI's combined gauge of consumer and business sentiment rose to -1.1 points in July from -2.2 in the previous month on an improvement in confidence among companies, according to a report by state news wire MTI.

GKI's business confidence index climbed to 4.4 points in July from 2.1 in June. The gauge returned to pre-crisis levels already in May.

Companies in the industrial sector were most optimistic as their outlook for production improved and a labor shortage again became the biggest obstacle to ramping up output.

The outlook for construction companies worsened in July amid a shortage of building materials and tight capacity.

Optimism in the commerce sector grew as sales positions and orders improved.

Confidence in the service sector rose as assessments of business trends improved, but the outlook weakened a bit.

GKI's consumer confidence index fell to -16.9 points in July from -14.5 in June, but was still close to pre-crisis levels. Households' assessments of their financial situations worsened a little, but more said they could make savings.

Banking Sector Forint Liquidity up in February Banking

Banking Sector Forint Liquidity up in February

Budapest Residents to Weigh in on Rákosrendező Development P... Issues

Budapest Residents to Weigh in on Rákosrendező Development P...

Czech Industrial Output Stalls in January Manufacturing

Czech Industrial Output Stalls in January

These Are the Most Sleep-friendly Hotels in Hungary Hotels

These Are the Most Sleep-friendly Hotels in Hungary

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.