Are you sure?

GKI confidence index improves for third month in row

Hungarian economic think tank GKI's combined consumer-business confidence index rose to -35.2 points in July from -38.2 points in June, climbing for the third month in a row after falling nearly every month since October.

The business confidence index rose to -25.4 points in July from -29.0 points in June, GKI said based on the survey prepared with EU funds. The outlook improved in the industrial, construction and service sectors, but worsened in the trade sector. The measure of sentiment in the industrial sector rose for the fourth month in row in July.

Companies had better assessments of production in the past months and an improved outlook for output in the coming months: more big companies planned to boost production than scale back. The assessment of stock of orders, including export orders, was also better.

More companies expected to make new hires, although these companies were still fewer than those who planned to make layoffs. Companies said stocks were bigger than usual. (MTI – Econews)