The GKI-Erste economic sentiment index inched up to minus 24.6 points in October from minus 25.0 points in September. The slight improvement came on the back of an increase in business confidence, which outweighed a deterioration in consumers' outlook. Consumer sentiment fell from minus 49.5 points in September to minus 53.0 points in October, a five-month low. The October deterioration was the result of a more negative assessment of household's own financial situation as well as of their saving opportunities, which, in turn, decreased their willingness to buy durable consumer goods. On the other hand, business sentiment rose from minus 16.4 points in September to minus 14.6 points in October. The improvement was driven by a less pessimistic outlook on the industrial sector, which more than compensated for a worsening trade outlook. Both construction and services remained virtually unchanged.
Hungary Economic Sentiment
Economic sentiment improves slightly in October
October 23, 2012
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Hungary Economic Sentiment Chart
Note: Consumer confidence, business confidence and economic sentiment indicators.
Source: GKI Economic Research Co.
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.