Hungary's GKI economic confidence slightly improves in Feb 2013.

By bne IntelliNews February 26, 2013
Hungary's combined index of business and consumer confidence increased by 0.1ppt m/m to minus 19.5 points in February 2013, marking an improvement for the fifth straight month, economic research company GKI said. GKI prepares the index in partnership with Erste Bank. The improvement came as consumers became less pessimistic, while confidence among companies slightly deteriorated in monthly comparison. The consumer confidence index advanced by 2.5 points to minus 40.9 points, which was the highest since August 2011. Households were less downbeat about their financials for the next twelve months. By contrast, the assessment for households saving capacity deteriorated in February. The confidence index in the business sector declined by 0.7ppt to minus 12 points in February. Expectations in the industry and trade sectors deteriorated, which offset an improvement in construction, while confidence in the services sector remained unchanged on the month. The intentions of employment in industry and services weakened in February, whereas they improved considerably in construction and, to a lesser extent, in trade.

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