The GKI economic sentiment index fell by an unprecedented extent of almost 30 points, apparently due to the economic effects of the COVID-19 epidemic. The business confidence index declined by about 25 points and the consumer one by nearly 40 points. Although during the global economic crisis, in the first half of 2009, expectations were already much more pessimistic, the GKI economic sentiment index has never fallen by more than 10 points in a single month. (See the interactive Vizzu graph below showing the course of previous crises as well.)
GKI’s economic sentiment index plummeted by an unprecedented extent in April
The GKI economic sentiment index fell by an unprecedented extent of almost 30 points, apparently due to the economic effects of the COVID-19 epidemic. The business confidence index declined by about 25 points and the consumer one by nearly 40 points. Although during the global economic crisis, in the first half of 2009, expectations were already much more pessimistic, the GKI economic sentiment index has never fallen by more than 10 points in a single month. (See the interactive Vizzu graph below showing the course of previous crises as well.)
You can reach the archive of survey summaries here.
Related news
GKI analysis: Hungarian industrial production decreased further
The volume of Hungarian industrial production declined for the second…
Read more >The National Trade Association has developed proposals for the elimination of margin-cutting measures
The National Trade Association (OKSZ) has submitted to the government…
Read more >The GKI business climate index decreased in May
According to a survey conducted by GKI Economic Research Co.…
Read more >Related news
Producer prices in the euro area and the European Union decreased month-on-month and increased year-on-year in April
Producer prices in the eurozone and the European Union (EU)…
Read more >The Association of Conscious Shoppers sued Shein: they are manipulating customers with dark tricks
The Conscious Shoppers Association (TVE) has filed an official complaint…
Read more >Cautious optimism in tourism: the economy improved in May, but the sector is still in the red
In May 2025, Hungarian tourism businesses reported a slight improvement…
Read more >