The solvency of Hungarians has improved again, but it may be too early to rejoice

By: Trademagazin Date: 2024. 05. 03. 12:05

At the beginning of this year, the solvency of Hungarians continued to improve, the Intrum Solvency Index exceeded 10 points in the first quarter, according to the new report of Intrum and GKI. However, Intrum’s sales director warns that it may be too early to be happy, because after a positive start to the year, a significant decrease was already measured in March.

In the first quarter of 2024, the Intrum Solvency Index (IFI) – continuing the favorable trend that started in the fall of 2022 – continued to rise to 11.95 points, which represents a significant increase compared to the previous quarter. In addition to the increase, however, the monthly values show some fluctuation: in January and February we experienced a significant improvement, while in March the value of the index started to decrease again, falling by 13 percent compared to the previous month.

Since 2018, Intrum and GKI Gazdaságkutató Zrt. have published the Intrum Solvency Index every quarter, which examines the solvency of the Hungarian population. The IFI is a complex indicator that can capture the evolution of the solvency of Hungarian households. If the value of the index increases, we assume that the income situation of the household also improves, which means a more stable financial background for loan repayments and bill payments.