GKI business confidence index sinks to a 19-month low

By: Trademagazin editor Date: 2025. 02. 20. 16:54

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In the first month of 2025 the slightly negative trend continued: according to the EU-supported survey of GKI Gazdaságkutató Zrt., the business and consumer outlooks worsened compared to December – although in both cases only within the statistical margin of error.

This article is available for reading in Trade magazin 2025/2-3.

Even so, the GKI business confidence index slipped to a 19-month low. At the same time the predictability of the business environment improved slightly. The employment indicator, which measures the overall employment propensity of businesses, was down a little in January compared to December, bringing the indicator to a 19-month low.

As for the price indicator – which condenses business price plans into a single figure – it fell slightly in the first month of the year compared to the previous month. The GKI consumer confidence index barely changed in the March-September period, before starting to decline markedly in the autumn months of 2024. A positive correction in December was followed by a small worsening in January. Hungarians’ public inflation expectation lowered a bit, while the outlook on the number of unemployed people improved if compared with the last month of 2024. //