Economic research company Ecostat’s combined consumer-business confidence index fell 5 percentage points to 72.6pc in November from the previous month as both business and consumer sentiment worsened, Ecostat said on Friday.
The TOP-100 measure of confidence at Hungary’s biggest hundred companies fell 2 percentage points to 65.0pc, its level six months earlier. Big companies’ expectations started improving in February, although the rate slowed in the past months.
The confidence indicator for SMEs fell 6.2 percentage points to 63.0pc. The drop was the first serious loss of confidence since the outlook for SMEs started improving in Q1.
The consumer confidence index dropped 6.6pc and is likely to drop further, Ecostat said.