The business confidence index rose to -4.8 points, also the best since early 2011, from -6.3 points, and the consumer confidence improved to -31.0 points, the best again since early 2011, from -36.9 in August, when it still fell from -35.3 points in July.
Apart from service companies, the confidence of which fell in a correction of the spectacular growth in August, expectations of all businesses improved in September. Industrial companies’ assessment of output and order stock improved back to almost the level of early last year, but new export business expectations deteriorated, and felt inventories diminishing.
Construction companies’ confidence continued to improve significantly, but they are still the most pessimistic of all businesses. Their assessment of past output fell, but expectations for new business improved.
Confidence in the commercial sector improved slightly, while expectations for new orders grew significantly.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
