Consumer confidence falls in April-June

Analysis

Economic research institute Ecostat's consumer confidence index fell to 42.9% in April-June from 47.3% in January-March, Ecostat said on Wednesday.

This was the first time the index fell since a rising trend started in mid-2003. Households reported pessimistic views on most aspects of expectations, and they especially feared a rise in inflation. Households said they had a monthly net income of Ft 167,647 in the second quarter of 2006, or more than Ft 65,000 per capita, which is an improvement compared to the previous quarter, Ecostat said.
Respondents themselves assessed their own financial situation as average in 55%, good in 17% and poor in 27%. In April-June, 48% of consumers felt no change in their household's financial situation while 18% reported an improvement and 9% a serious deterioration. Households' outlook for the future was pessimistic, clearly as a response to the government's pending belt-tightening measures.

ADVERTISEMENT

Slovenia consumer morale down in November Analysis

Slovenia consumer morale down in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.