In February, the GKI-Erste economic sentiment index rose to minus 22.5 points from minus 26.8 points in January. The increase was the result of both consumer and business sentiment improving over the previous month. Consumer confidence increased from minus 56.6 points in January to minus 51.2 points in February. The improvement was mainly the result of a more positive assessment of Hungarian household's own financial situation as well as better prospects for purchasing durable goods. Meanwhile, business sentiment rose 3.9 points to minus 12.4 points. According to GKI, expectations of industrial and service companies improved significantly, whereas those of trading enterprises only slightly. In addition, the assessment of the perspectives for the Hungarian economy improved in all sectors over the previous month.
Hungary Economic Sentiment
Economic sentiment rebounds in February
February 27, 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.