In January, the GKI-Erste economic sentiment index dropped to minus 26.8 points from minus 24.6 points in December. The drop was the result of both consumer and business sentiment deteriorating over the previous month. Consumer confidence continued its downward trend, falling from minus 53.3 points in December to minus 56.6 points in January, which represents its lowest level since September 2009. The decline was mainly the result of a more negative assessment of Hungarian households' own financial situation. Meanwhile, business sentiment dropped 1.8 points to minus 16.3 points. According to GKI, expectations in industry and construction did not change compared with December, whereas companies in trade and services turned markedly more pessimistic. On a positive note, however, there was a broad-based improvement in the assessment of the perspectives for the Hungarian economy, which improved in all sectors over the previous month.
Hungary Economic Sentiment
Economic sentiment further down in January
January 23, 2012
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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.