The index dropped to -49.8 points in April from -12.1 points in the previous month.
Consumer pessimism strengthened mainly due to the prospective level of unemployment but assessments of the future of the Hungarian economy also became dramatically negative, GKI said in a statement.
Peopleʼs expectations of their own financial position deteriorated relatively less and views on their ability to make savings decreased minimally, partly because a significant portion of consumers were already unable to make savings.
The representative survey is based on interviews with 1,000 people.
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.
