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Business, consumer confidence improves - Századvég

Analysis

Business and consumer confidence improved in September compared to the previous month, a gauge of sentiment by economic researcher Századvég shows, according to a report by state news wire MTI.

Századvég's business confidence index rose to -3 points in September from -7.4 in the previous month. 

The index, with a range of -100 to 100 points, has been in the negative since early 2020.

In September, businesses reported the biggest improvements in sectoral environment, overall business environment, and state of the economy. The gauge of production showed the smallest degree of improvement.

About 46% of companies said they expect a modest increase in profit, up from around 36% in August.

Századvég's consumer confidence index rose to -2.9 points in September from -8.2 in August.

Households delivered better assessments of their own financial situations as well as of the economy in general. Their evaluation of inflation improved, but was still the lowest of the sub-indices for the gauge of confidence, standing at -30.8 points.

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