Consumer confidence unchanged in Hungary

2010-01-20



The Consumer Confidence Index (CCI) in Hungary remained unchanged at the end of 2009. At 146.1 in December 2009, this was the same level as that which was recorded in June 2009.
The level of the Purchasing Propensity Index (PPI) has fluctuated wildly since the onset of the financial crisis, however, the last couple of months appear to have brought with them a semblance of stability with the PPI settling at 112.8 points in December 2009.
The PPI did not increase during the Christmas period, which indicates the cautiousness of Hungarian consumers and their inclination to cut back on spending.
The majority of Hungarians (59%) expected their employment situation to worsen starting from December 2009, with only one-quarter expecting unemployment to stabilise in the near future.
One in three consumers expects prices to rise more rapidly than their salaries.