GKI: Consumer confidence deteriorated in February

The GKI consumer confidence index fell by 1.1 points to minus 34.9 points in February, after rising 5.5 points in January, to less than 40 per cent of the fall in April and well below the 26.9 points in July since the crisis. from the top – said GKI Gazdaságkutató Zrt.

In February, he saw the financial situation and savings potential of the population as worse, while he saw unemployment and the situation of the Hungarian economy as better than in January. Consumers therefore considered their own financial situation to be deteriorating compared to the previous month, according to a survey by GKI Gazdaságkutató Zrt.

However, the assessment of the future situation of the Hungarian economy also improved in February after January. Fear of unemployment intensified the most in April, while the summer improvement was followed by another spread of fear from the autumn. This declined in a welcome way in February, but still moderated well below its April jump.

The population’s own future saving capacity felt significantly improved in January, but it has now fallen below the level typical of autumn in February. Inflation expectations strengthened, although they did not reach the December level. The population felt the current opportunity to buy high-value consumer durables was deteriorating sharply.

GKI notes that the method of data collection had to be changed again from January 2021, instead of personal interviews, it had to switch to an online survey again.

Source: Napi.hu by www.napi.hu.

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