GKI’s economic sentiment index remained close to its peak in August

GKI’s economic sentiment index reached its historic peak in July. It decreased slightly in August, within the statistical margin of error. According to the empirical survey conducted by GKI with the support of the EU, the business confidence index fell slightly in August over the previous month. However, consumer expectations increased a bit.

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GKI economic sentiment index reached its historic peak in July

GKI’s economic sentiment index and the business confidence index have never been as high as now so far during its more than twenty years of history. According to the empirical survey conducted by GKI with the support of the EU consumer expectations deteriorated slightly compared to June, although they still reflect strong optimism.

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GKI’s economic sentiment index reached its historic peak in June

GKI’s economic sentiment index was as high as now only once, namely in the summer of 1998, and the business confidence index has never been as high as now so far during its more than twenty years of history. Consumers are also very optimistic. However, this outstanding Hungarian optimism hardly exceeds the upper limit of the relatively narrow band characteristic of the last three years.

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GKI economic sentiment index reached its three-year peak in May

In spite of its relatively modest rise in May, the GKI economic sentiment index reached its three-year peak. According to the empirical survey conducted by GKI with the support of the EU, the rise was mainly due to service companies: their exploding optimism raised their sentiment index to a level unseen for eighteen years. Expectations in industry deteriorated slightly, whereas those in trade dropped considerably. Expectations in construction barely improved and those among consumers improved only within the statistical margin of error.

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Business confidence rose slightly in April, whereas consumer confidence decreased considerably

The GKI economic sentiment index did not change in April, thus it continues to reflect strong optimism. According to the empirical survey conducted by GKI with the support of the EU, in October expectations improved notably in the business sector, reaching their 16-month peak, whereas they declined considerably among consumers.

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