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According to a survey carried out by GKI Economic Research with the support of the EU in business In January, all sectors except construction became more optimistic, but the level of March last year was only industry managed to get closer. The industrial confidence index rose for the second consecutive month in January. Evaluation of past and next production, order book (including export order), and inventory has been improved. the building the growers’ environment turned a bit cloudier at the beginning of the year, but it is still much more favorable than in the summer and early fall. In January, the outlook for bodybuilders improved somewhat, while for civil engineering they became more unfavorable. The previous three months of production and the order book assessment deteriorated slightly. THE Commerce confidence index much less than in December, but it continued to grow. The valuation of the sales position continues to fluctuate at a very low level, having recently declined in January, while the opinion on the expected evolution of orders and inventories has become more favorable. THE service provider trust index In January, the assessment of general business operations and, in particular, the billing for the recent period improved slightly, while the billing expectations deteriorated slightly.
The business sector’s willingness to employ generally strengthened in January, which is mainly due to industry. Here, for the first time since the crisis began, the number of companies planning to increase their workforce has significantly exceeded those expected to reduce. The labor intentions of commercial and service companies changed slightly, those of the construction industry deteriorated. However, people’s fears of unemployment have been mounting for months. Efforts to raise prices in the construction industry, after a slow decline for many months, soared in January, with more than a third of companies preparing to raise prices. The intention to increase prices also increased significantly in industry, did not change in trade (although this sector has the largest share of those planning to increase prices) and decreased in the service sector. Consumer inflation expectations have weakened notably. Among companies, the assessment of the future of the Hungarian economy has become much more optimistic in all sectors, least in trade and among the population.
A GKI Consumer confidence index In January, after a significant decline in December, it recovered to almost its November level, but is still notably lower than its previous peak in July, after the fallen spring. He evaluated the development of the population’s own financial situation as a moderate improvement compared to December. The assessment of one’s ability to save in the future has improved significantly. Consumers also viewed the current opportunity to purchase high-value consumer goods as more favorable than in the previous month.
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