Business sentiment edged higher but consumer confidence deteriorated in Hungary in October, a monthly gauge by economic research institute GKI shows.
GKI's business confidence index rose to -7.4 points in October from -8.3 in the previous month. Sentiment improved in the industrial and service sectors, but worsened in the construction and commerce sectors.
The survey showed 7% of companies plan to make new hires in the coming three months and 14% expect to reduce headcount.
GKI's consumer confidence index worsened to -6.1 points in September from -3.8 in the previous month. Households' assessment of the economy worsened, but more households planned to make big-ticket purchases.
GKI's combined gauge of business and consumer confidence was flat at -7.1 points in October.
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