In July, the GKI-Erste economic sentiment index stepped up to minus 23.2 points, up from minus 24.5 points in June. Although the figure represents the second consecutive improvement in the index, economic sentiment has not yet recovered to the levels seen at the beginning of the year. Consumer confidence rose from minus 52.6 points in June to minus 51.4 points in July. According to GKI, households assessed their financial situation better for the next 12 months but they turned more downbeat concerning their expected savings capacity compared to June. Business sentiment stepped up from minus 14.6 points in June to minus 13.3 points in July, which represents the first improvement seen in four months. Confidence in both industry and construction sectors rose compared to the previous month. In contrast, sentiment in the services sector was unchanged, while confidence in trade recorded a slight decline
Hungary Economic Sentiment
Economic sentiment rises again in July
July 25, 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.