The solvency of the population decreased the most in Western and Central Hungary
Since last year, the solvency of families has decreased the most in Western Transdanubia, according to research by Intrum and GKI: solvency in the region fell by 58 percent in one year. The national average earnings are largely driven up by wages in central Hungary, while the earnings of all other regions fall short of the national average.
The population of the Hungarian regions is affected differently by the weakening of the economy: as in the past, the population of the more developed regions feels the current economic turn, while the ability to pay of families decreases less in the lower income regions.
The national analysis of the claims management company Intrum and GKI Gazdaságkutató Zrt. reveals that the financial situation of Hungarian families has significantly deteriorated compared to the first quarter of 2022. The Intrum Solvency Index (IFI) averaged 6.51 points in the first three months of 2023 – in the same period last year this value (calculated on the basis of inflation, employment, incomes and similar data) was still 45.24 points .
Related news
Uncertainty surrounds the seemingly improving economic environment in Hungary
The slowdown of recent years and the volatile economic environment…
Read more >The relaxation of anti-inflationary measures can be dangerous, the solvency of the population is at stake
In the first quarter of this year, the solvency of…
Read more >The solvency of Hungarians has improved again, but it may be too early to rejoice
At the beginning of this year, the solvency of Hungarians…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >