In May, the GKI-Erste economic sentiment index dropped to minus 13.2 points from minus 9.1 points in April, which represents its lowest level since May last year. The decline was mainly fuelled by deteriorating prospects in the business sphere, although consumer sentiment also fell further following a significant drop in March. Consumer confidence dropped 1.7 points in May to minus 38.5 points, which represents the lowest level since March 2010. Meanwhile, business sentiment fell into negative territory, dropping 4.9 points to minus 4.3 points, and thereby recording the second drop after reaching a peak in February. Most importantly, the deterioration was mainly due to a weaker assessment of the industrial sector, which dropped markedly for the first time in nearly two years.
Hungary Economic Sentiment
Economic sentiment falls to ten-month low
May 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.