The GKI-Erste economic sentiment index fell from minus 23.2 points in July to minus 24.7 points in August, bringing the index down to its lowest level since May, and thus reversing the modest gains tallied in the previous two months. Both consumer and business confidence moderated over July. Consumer sentiment dropped from minus 51.4 points in July to minus 52.7 points in August. GKI commented that, for nearly a year, the index has been moving "in a rather narrow range reflecting strong pessimism". The August decline in consumer sentiment was the result of a more negative assessment of the household's own financial situation as well as their willingness to buy durable consumer goods. Meanwhile, business sentiment fell from minus 13.3 points in July to minus 14.9 points in August, which marked the lowest level in seven months. The moderation was broad-based, with sentiment deteriorating in all sectors, especially in industry.
Hungary Economic Sentiment
Economic sentiment declines in August
August 24, 2012
Looking for forecasts related to Economic Sentiment in Hungary? Download a sample report now.
Hungary Economic Sentiment Chart
Note: Consumer confidence, business confidence and economic sentiment indicators.
Source: GKI Economic Research Co.
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.