GKI’s economic sentiment index improves further
The GKI economic sentiment increased again in January 2018, having reached a historic peak at the end of 2017. This January the business confidence index only rose within the margin of error, still it climbed higher than ever before. This rise was the result of service providers’ great optimism – businesses in the industry and building/construction didn’t become more optimistic, while enterprises in retail trade turned a little less optimistic. Service providers’ expectations about future sales grew, and their capacity utilisation was high at 90 percent. Willingness to employ increased in all sectors but retail trade, but at the same time people started worrying more about losing their job. Companies say the main obstacle of expansion is the lack of workforce. Consumers’ inflation rate expectation was also up a little. As for the future of Hungary’s economy, the opinion turned more positive in all sectors but retail trade and among consumers. GKI’s consumer confidence index dropped a little in January (after a major growth back in December 2017). //

Attila Udvardi
GKI
Related news
GKI Analysis: Artificial Intelligence in the Workplace: Who Uses AI?
Artificial Intelligence in the Workplace: Who Uses AI? In July,…
Read more >K&H: the momentum of the service sector somewhat offsets the stagnation of industry
“The GKI’s newly published business climate index has decreased by…
Read more >The GKI business climate index decreased slightly in July
According to a survey by GKI Economic Research Ltd. –…
Read more >Related news
Dole offloads fresh-veg arm to Arable Capital
Dublin-headquartered Dole has sold its fresh vegetables division in the…
Read more >Wolt Announces New Partnerships To Drive ESG Initiatives
Finnish food delivery firm Wolt has announced two new strategic…
Read more >Colruyt to install smart cameras at all checkouts
Belgian supermarket chain Colruyt is rolling out its “easy check-out”…
Read more >