The economy is showing signs of weakness at the outset of the third quarter. In July, the GKI-Erste economic sentiment index fell to minus 16.0 points from minus 13.9 points in June, which marked the lowest level since April last year. The drop was the result of a decline in both business and consumer sentiment. Consumer confidence continued to deteriorate, falling from minus 41.0 points in June to minus 42.0 points in July, which represents the lowest level since February 2010. Meanwhile, business confidence moderated for the third month in row from minus 4.4 points in June to minus 6.9 points in July, which also marked the lowest level in over a year. According to GKI, the drop came in as the ?industrial confidence index plummeted spectacularly, and this deteriorating trend has prevailed for more than a quarter.? In addition, GKI highlighted that the ?already very low value of the confidence index of construction has further decreased for three months.?
Hungary Economic Sentiment
Economic sentiment erodes further
July 25, 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.