Business Confidence Deteriorates, Consumer Confidence Improves In Hungary
- 27 May 2015 9:00 AM
GKI-Erste’s combined gauge of consumer and business confidence edged down in May as business confidence declined, but consumer confidence improved slightly. The index slipped to minus 3.1 points in May from minus 2.9 points in April. The business index dropped to 3.7 points from 4.9, but the consumer index rose to minus 22.6 points from minus 25.0.
Among businesses, industrial companies’ outlook for production and assessment of order stock worsened. Construction companies also gave a more negative assessment of output and order stock.
Companies in the trade business said their sales position worsened and inventories were up, but gave a more positive assessment of prospective orders.
Households’ assessment of their own financial position improved and more said they would be able to make savings.
Fewer people feared being made unemployed.
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