In October, the GKI-Erste economic sentiment index declined for the sixth month in a row, falling to minus 24.0 points from minus 20.9 points in September. The drop was the result of both business and consumer confidence falling further into negative territory. Consumer sentiment plunged further from minus 47.2 points in September to minus 49.8 points in October, which represented the lowest level since December 2009. Consumer confidence has been declining almost uninterruptedly since December last year. Business confidence also declined in October, falling 1.2 points to minus 12.9 points, which represented its lowest level since February 2010. According to GKI, confidence in the industry, trade and services sectors dropped over the previous month, whereas the construction sector improved somewhat in October.
Hungary Economic Sentiment
Economic sentiment falls for sixth month in a row
October 23, 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.