In March, the GKI-Erste economic sentiment index rose to minus 19.0 points from minus 22.5 points in February, which represents the highest level since August 2011. The recovery was underpinned by an improvement in both consumer and business sentiment over the previous month. Consumer confidence rose for the second month in a row, stepping up from minus 51.2 points in February to minus 49.9 points in March. The rise was mainly the result of a more positive assessment of the households' expected financial situation as well as better prospects for purchases of durable goods. Meanwhile, business sentiment rose from minus 12.4 points to minus 8.1 points, which represents the highest level in eight months. The improvement was broad-based, as confidence in all businesses improved over the previous month.
Hungary Economic Sentiment
Economic sentiment reaches highest level since August
March 20, 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.