In March, consumer expectations deteriorated spectacularly due to Russia’s war against Ukraine, while business expectations deteriorated less

GKI’s economic sentiment index fell in March to its late spring 2021 level, mainly as a re-sult of a deterioration in the consumer confidence index. According to the empirical sur-vey conducted by GKI ( with the support of the EU, business expectations worsened only in industry and services, but not in construction and trade. Across all sec-tors, the perception of the Hungarian economy became dramatically more pessimistic, as it was when the Covid pandemic broke out, but companies barely perceive this in their own situation.

You can download the report from here.

You can reach the archive of survey summaries here.