The sub-index that gauges consumer expectations fell 20 points to 170.8 from Q4 to Q1.
The sub-index that measures propensity to make purchases reached 106.7 points, down 14 points from the previous month. The index is at the level of March 2009 at the depth of the economic crisis. Director of GfK Hungária Ákos Kozák attributed the low index to the high price of fuel and food.
The percentage of households that expect the unemployment rate to increase rose to 44% in Q1.
About one-third of households think it is not a good time to borrow and 60% would never apply for a loan.
The percentage of households that expect interest rates to rise in the coming twelve months was almost 50%.
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.
