Economic expectations inch up in June


An increase in business confidence offset a decrease in consumer confidence, leaving economic expectations practically unchanged in June, according to a report released Sunday by GKI, which produces the GKI-Erste index of economic sentiment in Hungary.

“In June, following two months of decline, the industrial confidence index rose to a relatively high level reached at the beginning of the year,” GKI announced. The more optimistic business sectors include construction and services, where growth and hiring are anticipated. Industry was less upbeat, and confidence among businesses in that sector continued to decline slightly, despite increases in confidence among business overall.

GKI’s confidence ratings showed that employers expected to hire more but consumers were less confident about this hiring.

“The ratio of [surveyed business] planning an increase in employment exceeded the ratio of those intending reduction in all sectors with the exception of trade,” according to the report, which added: “The fear of unemployment by house-holds picked up.”


Avg Compulsory Vehicle Insurance Premium up 5% Figures

Avg Compulsory Vehicle Insurance Premium up 5%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Porsche Hungaria Sales Reach 30,000 in 2022 Automotive

Porsche Hungaria Sales Reach 30,000 in 2022

24th FIABCI Hungarian Prix d’Excellence Held Awards

24th FIABCI Hungarian Prix d’Excellence Held


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.