Both business and consumer expectations improved significantly in March, with GKI’s economic sentiment index rising for the fifth month in a row. According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the business sector expectations of industrial and service companies improved significantly, while expectations in construction and trade deteriorated noticeably, but to a lesser extent. Consumers were no more worried than they were in 2020, during the panic of the Covid outbreak. However, pessimism was still very strong. In March, companies’ efforts to raise prices declined substantially and their willingness to employ increased, as confirmed by consumer sentiment. The evaluation of the state of the Hungarian economy became much more positive than in February, both in the business sector and among households.
You can download the report from here.
You can reach the archive of survey summaries here.
