Better expectations after the summer worsening

In September the GKI-Erste economic sentiment index grew a little. Both consumer and business expectations improved a little. After a 3-month decline the industrial confidence index has been rising a little for two months. In retail the index started to climb again from the first time since August and neared the record level of January. The service provider confidence index was also up in September. Willingness to employ has been growing for months in the retail sector but it was going down in the industry. People are less afraid of losing their job. Inflation expectations strengthened among both retailers and consumers. With the exception of the industry, Hungary’s economic perspective is viewed more positively by consumers and all sectors. GKI’s consumer confidence index increased as much in September as it dropped in August.