Business confidence down, consumer confidence up in April

Logistics

Economic research institute GKIʼs Economic Sentiment Index, its combined gauge of consumer and business confidence, fell 3.3 points to 2.9 in April, falling for the fourth month in a row, according to state news wire MTI.

The standalone business confidence index fell 5.0 points from the preceding month, to 7.1.

The industrial confidence index fell to a two-year low. The outlook for production, as well as companiesʼ assessments of orders - including export orders - and of inventories significantly worsened.

In the construction sector, prospects deteriorated for both building companies and civil engineering firms. Companiesʼ satisfaction with output in the previous period and their assessments of orders also slipped.

Sentiment in the commerce sector worsened as assessments of sales positions and orders deteriorated, while views on inventories improved.

The service sector confidence index dipped to a two-year low in April. Assessments of current sales and turnover in the previous period improved, but the outlook considerably worsened.

The consumer confidence index, the other main component of the Economic Sentiment Index, improved by 1.8 points to -8.9. Households were more pessimistic about their own financial positions, but more positive about their ability to make savings.

GKI compiles the index with the support of European Union funding.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.