GKI Economic Research Co. - Diplomacy & Trade

GKI Economic Sentiment Index Has Hardly Changed

D&T — Mon, 26 Sep 2022 09:37:00 +0000

Business and consumer expectations in Hungary deteriorated for the fourth month in a row in August. In the case of consumer expectations, this continued in September, whereas the business confidence index slightly increased, although it was noticeably below its July level. According to the empirical survey conducted by GKI Economic Research Co. with the support […]

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Increasing Pessimism Measured in Hungary

D&T — Mon, 29 Aug 2022 08:26:00 +0000

August marks the fourth month of steady deterioration in business and consumer expectations. According to the empirical survey conducted by GKI Economics Research Co. with the support of the EU, business expectations fell by around 13 points since April this year, while consumer expectations dropped by nearly 30 points, and the latter also fell most […]

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Environmental Investments Well Under EU Average

D&T — Wed, 17 Aug 2022 07:00:00 +0000

Most Hungarian businesses are aware of the effects of climate change, with 50% of firms having environmental protection goals, compared to the EU average of 41%, while only 18% have invested in environmental protection projects, according to a survey by GKI Economic Research Co. Due to a lack of resources, only 15% of domestic companies […]

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GKI Index: Slower but Further Decline

D&T — Mon, 25 Jul 2022 10:03:00 +0000

GKI’s economic sentiment index fell in July to its more than one-year low, the lowest since March last year. According to the empirical survey conducted by GKI Economics Research Co. with the support of the EU, business expectations fell by around eight points since April this year, while consumer expectations dropped by more than 20 […]

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GKI: Artificial Prices Keep Hungarian Inflation Down

D&T — Wed, 13 Jul 2022 07:11:00 +0000

Hungary's inflation would have been much worse than now, the highest in the EU, without state intervention, the Hungarian economic research company GKI reported. In May, Hungarian inflation was the ninth highest in the EU at 10.8%, and while all EU countries have yet to release their June figures, it is already known that Hungarian […]

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Large Companies Are More Environmentally Conscious

D&T — Thu, 07 Jul 2022 07:42:00 +0000

Large companies pay more attention to sustainability than smaller ones, but there are also differences in environmental awareness based on activity, GKI Economic Research Co. told the state news agency MTI on Thursday. According to the research institute's survey, the vast majority of companies strive to reduce their environmental impact, 56% of them do so […]

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Real Estate Price Increase Expectations Slightly Down

D&T — Mon, 04 Jul 2022 08:44:00 +0000

The expectations of real estate companies for price increases have weakened slightly, with half of respondents in the capital and two-thirds in rural areas expecting price rises; the price of second-hand housing may rise by 6% in the next year, while the price of new housing by almost 10%, according to a joint survey by […]

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GKI: Higher Hungarian GDP in 2022 and Lower in 2023

D&T — Thu, 30 Jun 2022 08:41:00 +0000

The Hungarian Economic Research Co. GKI has revised its growth forecast for 2022, it raised its GDP forecast to 3.5-4% from the previous 2.5-3%y, and lowered its GDP forecast for 2023 to between 2.5-3% from 3.5-4%. The change is a consequence of faster-than-expected growth in the first quarter and stronger-than-expected austerity measures and inflation rate, […]

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Business and Consumer Expectations Down Significantly

D&T — Mon, 23 May 2022 12:44:00 +0000

After improving by eight points in April, the GKI economic sentiment index fell by five points in May. This is a very significant fluctuation, but the May figure is about the same as a year earlier. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, business expectations […]

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GKI Economic Sentiment Index at Its Three-Year Peak

D&T — Mon, 25 Apr 2022 08:21:00 +0000

In April, the economic sentiment index measured by the Budapest-based GKI Economic Research Co. jumped to its level in spring 2019, well before the COVID crisis. This level has only been reached in one month since the crisis, in October 2021. According to the empirical survey conducted by GKI Economic Research Co. with the support […]

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GKI: Uncertainties Ahead for the Hungarian Economy

D&T — Sun, 27 Mar 2022 14:47:00 +0000

Russia's war against Ukraine, the radically changing political environment and widespread international economic sanctions are forcing the global and Hungarian economy onto an economic path that is highly uncertain, says the latest forecast by Hungary's GKI Economic Research Co. The war launched by Russia against Ukraine and the resulting widespread international economic sanctions are forcing […]

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Best Selling E-Commerce Items in Hungary

D&T — Tue, 01 Feb 2022 08:41:00 +0000

Online sales of food, household goods and drugstore products grew by almost 45% in Hungary in the first nine months of last year, and this sector grew fastest in online retail in 2021, according to a research by GKI Digital Online Retail Big Picture. According to the summary sent to the state news agency MTI, […]

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Business Expectations No Longer Improved in June

D&T — Wed, 23 Jun 2021 08:43:00 +0000

After an unprecedented rise in April, the GKI economic sentiment index continued to as-cend in May and June, but most recently only within the statistical margin of error. This brings the index back to its level at the beginning of last year preceding the pandemic. According to a survey conducted by GKI Economic Reserarch Institute […]

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Income Gaps Have not Narrowed in the Past Decade

D&T — Wed, 17 Feb 2021 09:43:10 +0000

Despite economic growth, the concentration of income of the Hungarian population has remained virtually unchanged over the past 10 years, according to the Central Statistical Office. In 2019 – as in 2010 –, the richest 10% had nearly a quarter (23%) of the total income of the population and the top 30% about half of […]

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Business Climate Index Up but Still Low in Hungary

D&T — Sun, 24 Jan 2021 15:29:21 +0000

The GKI business climate index rose markedly in January. It has reached its highest level since the start of the epidemic, but made up just over half of its April fall. According to a survey conducted by the Budapest-based GKI Economic Research with the support of the EU, business and consumer expectations also improved in […]

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