Business, Consumer Confidence Hits Two-Year High in April, in Hungary
- 26 Apr 2022 6:43 AM
- Hungary Matters
Economic research institute GKI’s combined monthly gauge of business and consumer confidence reached +2.6 points in April – when general elections were held – climbing from -5.5 points in the previous month to reach a more than two-year high. The business confidence index rose to +10.5 points from +2.4.
In the industrial sector, production outlooks and assessments of order stocks improved, although companies were less positive about inventories.
In the construction sector, confidence reached a seven-month high as assessments of order stocks improved “tangibly”.
GKI’s consumer confidence index rose to -20.0 points in April from -28.0 in March.
Households’ assessments of their own financial situations were “much better” than in March, but
still worse than in February, when Hungarians raising children got personal income tax rebates and pensioners got bonuses.
More households said they could make big-ticket purchases in the coming year.
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