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Consumer confidence improves slightly further

Consumer confidence in Hungary improved slightly further to 65 points in the second quarter, although it still remains below its level before the crisis, market research company Nielsen said.

The index rose to 65 points from 52 points one year earlier, which means one-fourth of interviewees said they were optimistic regarding their personal financial outlook for the coming twelve months, up from only 14% one year earlier. This is in line with the positive global trend, although the European average is 79 points and the global average is 92 points, Nielsen, which conducted the research in 48 countries including Hungary, said.

About 20% said now was a good time to make big purchases, roughly unchanged from one year earlier.

About 12% said in Q2 they expected the employment situation in the country to improve in the next year, up from only 3% one year earlier. (MTI - Econews)