Recovery of consumer confidence continues - GKI

Analysis

Economic research institute GKIʼs gauge of consumer confidence continued to improve in June, albeit at a slower pace following a big correction in May, when several restrictions implemented because of the coronavirus pandemic were lifted, according to a report by state news wire MTI.

GKIʼs consumer confidence index rose to -32.8 points in June from -38.5 points in May. In April, while a stay-at-home order to contain the spread of the coronavirus was in place, the index had plunged to -49.8 points.

Householdsʼ fears of unemployment waned, but remained their biggest concern. They were less pessimistic about their financial situations and they gauged their ability to make savings at about the same level as in May.

Their outlook for the Hungarian economy, albeit still pessimistic, improved; and inflation expectations grew slightly after easing, following a jump in April.

ADVERTISEMENT

MKB Q1-Q3 Earnings Climb 16% Banking

MKB Q1-Q3 Earnings Climb 16%

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

European Shoppers Reveal Holiday Habits  Retail

European Shoppers Reveal Holiday Habits 

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season

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.