GKI’s economic sentiment index stagnated in October

By: Trademagazin editor Date: 2023. 12. 07. 10:41

In October consumer expectations improved markedly, while business prospects deteriorated a little, according to a survey conducted by GKI Economic Research, with the support of the EU.

This article is available for reading in Trade magazin 2023/12-01

The GKI economic sentiment index remained unchanged compared to September, while the GKI business confidence index fell again in October (by 1.5 points), after the drop in September. The GKI consumer confidence index rose 4 points on a monthly basis in October, reaching an 18-month high.

Businesses’ willingness to hire remained unchanged in October compared to the previous month, with the proportion planning to lay off workers and the proportion planning to increase their workforce virtually the same. Fear of unemployment has become smaller compared to September. Businesses’ aggregate price increase plans were unchanged in the tenth month of the year, while consumers’ inflation expectations were slightly stronger than in September. Businesses and consumers have different views on the future outlook for the Hungarian economy: while the former’s view has worsened slightly, the latter’s has improved further. //