The GKI-Erste economic sentiment index edged down from minus 24.7 points in August to minus 25.0 points in September, bringing the index down to its lowest level since January. The deterioration came on the back of a drop in business confidence, which outweighed an improvement in consumers' outlook. Consumer sentiment rose from minus 52.7 points in August to minus 49.5 points in September, but nonetheless remains remarkably pessimistic. The September improvement was the result of a less negative assessment of household's own financial situation as well as of their saving opportunities, which increased their willingness to buy durable consumer goods. On the other hand, business sentiment fell from minus 14.9 points in August to minus 16.4 points in September, which marked the lowest level in almost three years. The moderation was broad-based, with sentiment deteriorating in all sectors with the exception of trade.
Hungary Economic Sentiment
Economic sentiment drops amid worsening business confidence
September 24, 2012
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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.