In Hungary Business Confidence Declines, Consumer Sentiment Improves
- 21 Jul 2014 5:00 AM
GKI-Erste’s combined gauge of consumer and business confidence fell in July because of worsening expectations among companies. The index slipped 1.0 point to -3.9, GKI said. While the consumer index rose to -18.9 in July from -19.3 a month earlier, the business index dropped to 1.4 from 5.4.
In the industrial sector, expectations for output and assessment of order stock -- with the exception of orders for export - deteriorated.
Confidence among construction companies improved slightly, but reached a twelve-month high. Sentiment among trade and service companies worsened.
Consumers said they were better off financially than earlier, but fewer expected to be able to make savings in the coming period.
The seasonally adjusted GKI-Erste index is supported with European Union funding.
Source www.hungarymatters.hu
Follow that link to sign-up for MTI’s twice-daily newsletter.
LATEST NEWS IN business