Hungary's consumer confidence index improved, though it is still low

Hungarian consumers consider their personal financial situation much more favorably forthe next twelve months, than in the survey in first quarter carried out three months ago.

As a result Hungary’s consumer confidence index increased. The Nielsen consumer information and knowledge services company measures the consumer confidence quarterly in fifty-eight countries.

17 percent of Hungarians believes that their financial situation will be in the next twelve months will be good in the next 12 month, compared to the 12 percent in the previous survey. 77 percent had unfavorable opinion, compared to the 84 percent of three months earlier. The others could not decide.