(RTTNews) - Thursday, the results of the business survey conducted by the GKI research group showed that that the Hungarian consumer confidence indicator declined to minus 43.5 in August from minus 42.9 in July. During the corresponding period of the previous year, the reading was at minus 47.2.

Meanwhile, the indicator measuring the business confidence in the economy stood at minus 8.1 for the second month in a row in August. The business confidence indicator had fallen to minus 10 in June from minus 7.3 in May.

In August, the GKI-composite index stood at minus 17.3, slightly lower than the minus 17.1 recorded in the previous month. In June, the composite index had dipped to minus 19.4 from minus 19 in May.

The GKI said after touching a lowest level of minus 55.4 in April, the value of the GKI consumer confidence index continued to increase until July, which was followed a very slight decline, practically stagnation, during August. According to the report, the July-August indicator represented the highest level for the past two years.

While the households’ expectation concerning their short-term savings and own financial position weakened in August, while their view with regard to unemployment and cost of living improved.

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