GKIʼs combined gauge of consumer and business confidence in Hungary stood at -2.8 points in March, down from -1.8 points in the previous month, the economic researcher announced.
The business confidence index was at 4.6 points, as sentiment improved among industrial and construction companies, but slipped in the trade and service sectors. Industrial companiesʼ assessment of their output in the previous period worsened but their outlook for production improved. The consumer confidence index fell to -23.8 points in March from -20.2 points in February. Householdsʼ outlook concerning their financial positions worsened though their expectations of their ability to make savings improved. Fewer consumers planned to make high-value consumer durables goods on the future. The seasonally-adjusted GKI index is supported with European Union funding.
