Consumer, Business Confidence Improve In March

  • 28 Mar 2017 7:34 AM
Consumer, Business Confidence Improve In March
GKI’s combined consumer and business confidence index edged up to 0.5 point in March from 0.1 point in the previous month. The business confidence index rose to 4.7 points from 4.5 points. Industrial companies’ assessment of output in the recent period improved, but the production outlook worsened.

Companies were more optimistic about export orders but had unchanged views of overall order stock.

The measure of confidence in the construction sector reached an almost 19-year peak on improved outlooks for both the building and civil engineering segments.

Sentiment among commercial companies improved minimally as assessments of sales positions deteriorated slightly while that of inventories improved and assessments of orders were unchanged.

The service sector confidence index slightly improved. The consumer confidence index rose to -11.5 points from -12.4 points. Concerns over unemployment have reached the lowest level since 1998, GKI said.

GKI’s measure of consumer and business confidence is supported by European Union funding.

Republished with permission of Hungary Matters, MTI’s daily newsletter.

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