In April, the GKI-Erste economic sentiment index stepped up from minus 10.7 points in March to minus 9.1 points in April. The moderate improvement followed on a significant drop observed last month, which was the result of consumer confidence falling almost ten full points to its lowest level in over a year. That said, consumer confidence in April recovered only 0.5 points to reach minus 36.8 points. According to GKI, the moderate rise reflected a better assessment of the respondent's savings capacity as well as better conditions for making major purchases. Compared to consumer sentiment, business sentiment recovered more markedly from last month's decline, which represented the first drop since September 2010. As throughout last year, the rebound was mainly fuelled by higher expectations in the industrial sector, where the assessment of both current and future production levels increased, benefiting from the sustained recovery in Western Europe.
Hungary Economic Sentiment
Economic sentiment recovers modestly amid stronger business confidence
April 26, 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.