Consumer Confidence In Hungary Worsens

  • 24 Mar 2015 3:00 AM
Consumer Confidence In Hungary Worsens
GKI-Erste’s combined gauge of consumer and business confidence edged down to -3.6 points in March from -3.2 points in February as consumer expectations worsened. Whereas the business index rose to 4.2 points from 3.5 points, the consumer index fell to -25.8 points from -22.4 points.

Confidence among businesses was lifted by improved assessments of domestic order stock and inventories in the industrial sector, though fewer companies planned capital expenditures.

Sentiment in the construction sector was little changed from a month earlier, while commercial companies said sales positions and the outlook for orders worsened. Households were less concerned about inflation and unemployment, but the outlook for their financial positions and ability to make savings worsened.

More said they would make big-ticket purchases in the coming period.


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