ADVERTISEMENT

Business, consumer confidence improves - Századvég

Analysis

Business and consumer confidence improved in September compared to the previous month, a gauge of sentiment by economic researcher Századvég shows, according to a report by state news wire MTI.

Századvég's business confidence index rose to -3 points in September from -7.4 in the previous month. 

The index, with a range of -100 to 100 points, has been in the negative since early 2020.

In September, businesses reported the biggest improvements in sectoral environment, overall business environment, and state of the economy. The gauge of production showed the smallest degree of improvement.

About 46% of companies said they expect a modest increase in profit, up from around 36% in August.

Századvég's consumer confidence index rose to -2.9 points in September from -8.2 in August.

Households delivered better assessments of their own financial situations as well as of the economy in general. Their evaluation of inflation improved, but was still the lowest of the sub-indices for the gauge of confidence, standing at -30.8 points.

Number of Doctors per 10,000 Inhabitants Reaches 44 Figures

Number of Doctors per 10,000 Inhabitants Reaches 44

Karácsony Declared Winner in Budapest Mayoral Race After Rec... Elections

Karácsony Declared Winner in Budapest Mayoral Race After Rec...

Kecskeméti Konzerv Sold With Legal Support From Wolf Theiss Deals

Kecskeméti Konzerv Sold With Legal Support From Wolf Theiss

White Party at The Duchess Coming This Weekend Drinks

White Party at The Duchess Coming This Weekend

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.