In August, the GKI economic index fell sharply

Business and consumer expectations continued to deteriorate for the fourth month in August. According to a survey conducted by GKI Gazdaságkutató – with the support of the EU – since April of this year, business expectations have fallen by around 13 points, while consumer expectations have fallen by nearly 30 points, and the drop in the latter was even more pronounced in August. The business confidence index was last at a similar depth in the spring of 2021, and the consumer confidence index in the spring of 2020, during the panic caused by the restrictions introduced due to the Covid epidemic. (The effect of the announcement of the utility increase may have been reflected in the opinion of consumers for the first time in August.)