In December, the GKI-Erste economic sentiment index dropped to minus 24.6 points from minus 23.2 points in November. The decline was mostly the result of consumer confidence sliding further, although business sentiment also moderated slightly. Consumer sentiment dropped from minus 49.5 points in November to minus 53.3 points in December, which represents its lowest level since September 2009. According to GKI, ?households assessed their financial situation and savings capacity adversely for the next 12 months?, which approached its minimum recorded in summer 2009. Nevertheless, respondents stated they were more likely to purchase high-value durable goods. Meanwhile, business sentiment moderated from minus 14.0 points in November to minus 14.5 points in December. The decrease was the result of a worse assessment in trade and services, which was more than offset an better expectations in industry and construction.
Hungary Economic Sentiment
Consumer confidence deteriorates further in December
December 28, 2011
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Hungary Economic News
October 11, 2016
In September, consumer prices rose 0.2% from the previous month, contrasting August’s 0.4% decrease.
October 7, 2016
According to preliminary data released by the Statistical Institute (KSH) on 7 October, industrial output in August rose a working-day adjusted 3.5% from the same month last year, rebounding from July’s 0.1% decrease and marking a four-month high. On a monthly basis, industrial production increased a seasonally- and working-day adjusted 1.6% in August, which followed July’s 0.3% decrease.
September 26, 2016
The GKI economic sentiment indicator advanced slightly from August’s minus 3.9 points, which was the lowest reading in over two years, to the still-low level of minus 3.6 points in September.
Hungary: Central Bank leaves base rate at 0.90%, continues easing monetary conditions by capping main deposit facility
September 20, 2016
The Central Bank of Hungary (NBH) held all rates constant at its 20 September monetary policy meeting, but continued easing monetary policy conditions by using unconventional monetary policy instruments.
September 9, 2016
In August, consumer prices fell 0.4% over the previous month, coming in below July’s softer 0.2% decrease.