November 23rd, 2009

Halt to improvement in key Hungarian business-consumer confidence index

GKI’s combined consumer-business confidence index fell to -27.5 in November from -26.8 in October, halting a six-month rise in the index, market-research company GKI reported.

The index stood at -33.3 in November 2008.

GKI’s consumer confidence index fell to -51.9 in November from -50.8 in October, while there was an increased interest in buying high-value consumer products.

The index stood at -56.7 in November 2008.

The business confidence index was -18.9 in November, after -18.4 in October and -25.1 in November 2008.

Confidence in the industrial and construction sector stagnated, while commercial- and service-sector confidence fell slightly.

Confidence in the construction sector remained unchanged over the previous two months, GKI said.

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