In June, the GKI-Erste economic sentiment index dropped to minus 13.9 points from minus 13.2 points in May, which represents the lowest level since May last year and confirms signs of softer growth ahead. The decline was mostly fanned by a drop in consumer sentiment, which has deteriorated almost uninterruptedly since November, and fell from minus 38.5 points in May to minus 41.0 points. Meanwhile, business sentiment moderated a notch in June to minus 4.4 points from minus 4.3 points in May, which, despite being well above the minus 37.7 observed at the trough of the crisis, represents the lowest level since October. The slight moderation was widespread, as according to GKI, ?only industrial expectations improved, but they increased significantly less than the extent of the drop in May.?
Hungary Economic Sentiment
Economic sentiment declines further amid increasing consumer pessimism
June 22, 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.