GKI-Erste: Economic confidence improves slightly
DO NOT USE
Both business and consumer expectations improved this month, the GKI-Erste's economic confidence index shows. The combined index edged up from minus 4.1 points in August to minus 2.3 points in September.
The business index rose from 2.2 points to 3.6 points while the consumer index went up from minus 21.9 points to minus 19.1 points.
Expectations improved in the whole business sphere except for the construction industry. Confidence of industrial companies increased, as the assessment of incoming orders and production prospects improved.
Construction companies were more positive when comparing their level of production with that of the previous period. Trade companies said their sales position had deteriorated but were more positive about incoming order prospects.
Households assessed their financial capacity and their savings for the next twelve months better than in the previous month. "More consumers said they would be able to put money aside and make big purchases within the next twelve months ", GKI reports. Unemployment fears lessened but inflationary expectations strengthened.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Number of Residential Developments in Cities Falls 9%Â
Veronika Spanarova Wins Expat CEO of the Year Award 2023
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.
