In November, the GKI-Erste economic sentiment index rose to minus 23.2 points, up from the minus 24.0 points recorded in October. The reading marked the first improvement after seven months of continuous decline. Both business and consumer sentiment improved slightly from the previous month. Consumer confidence, which has declined almost uninterruptedly for nearly a year, inched up from minus 49.8 points in October to minus 49.5 points. The modest increase came on the back of a higher willingness of households to undertake major purchases, whereas the assessment of their own financial situation for the coming year worsened over the previous month. Meanwhile, business sentiment rose from minus 14.9 points to minus 14.0 points. According to GKI, the improvement was mainly due ?to service companies as their expectations rose back to the September level after a sharp decline lasting for months.? In contrast, expectations in the industrial sector declined slightly over the previous month.
Hungary Economic Sentiment
Economic sentiment improves slightly for the first time since April
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.