The GKI-Wallis consumer and business confidence index continued to improve in April, rising to -5.5 from -7.1 in March, its highest measure since October 2002, economic research institute GKI announced on Monday.
The index showed both consumer and business sentiment improving. Business expectations started improving in March and April, after stagnating for half a year. The business confidence index was -3.7 in April, the second highest measure in six years. (The highest was recorded in April 2004.)
Expectations of managers in Hungary's industrial sector have improved without interruption for a year. In April, they reported a slight deterioration in production and stock of orders, but their outlook for production and export orders improved. Managers in the building sector said their production levels and stock of orders had increased, and more of them said they would be making new hires. Wholesale and retail company managers said they had made more orders while reporting a lower level of stocks.