Business confidence falls slightly in June
Image by Shutterstock.com
Business confidence edged lower in June after returning to pre-crisis levels in the previous month, a gauge of sentiment by economic research institute GKI shows.
GKI's monthly business confidence index slipped to 2.1 points in June from 2.9 points in May. The index stood at 0.7 points in February 2020, before dropping into negative territory ahead of the first wave of the pandemic.
Sentiment in the industrial sector deteriorated on a worsening outlook for production, although assessments of order stock and of output in the previous months were better.
Confidence in the construction sector was little changed for the second month in a row, following a marked improvement in April.
Sentiment in the commerce sector improve in June as assessments of sales positions were better, but companies were a little more pessimistic about orders and inventory levels.
Confidence in the service sector was unchanged from the previous month.
GKI's gauge of consumer confidence rose to -14.5 points in June from -18.3 in May.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.