GKI: Improving Business And Deteriorating Consumer Expectations

In July, GKI's economic sentiment index (adjusted for seasonal effects) remained unchanged.

According to the survey conducted by GKI Economic Research Co. with the support of the European Union, this is the combined result of improving business expectations and deteriorating consumer ones.
Expectations of households (which have been rising nearly continuously since May 2009, improving significantly early this summer due to last April’s parliamentary elections) reached their peak just before the losses in the HUF in early June.
In July the value of the index dropped to below May’s level. Nevertheless, business expectations continued to grow and the level of the index is already higher than in September 2008, before the Hungarian exchange rate crisis.

News Monitoring