Hungarian consumer confidence at six-year record high

The confidence index of Hungarian consumers increased by 7 points from Q2 to Q3 2016 and reached 64 points – the highest level since 2010. In Europe the average of the index was 81 points. As for the three components of the index, the personal finances sentiment was up 5 percentage points at 24 percent. The ‘right time to buy’ index rose by 6 percentage points to 23 percent. Workplace perspectives for the next 12 months: in the third quarter the index was up 4 percentage points at 19 percent from the previous quarter’s level.

From the 34 European countries surveyed, consumer confidence increased in 26. The Germans are the most optimistic as regards workplace perspectives, because 60 percent of them are optimistic about the next 12 months. In the UK the same component of the index grew by 10 percentage points to 46 percent; the European average was 32 percent.