In May, the GKI-Erste economic sentiment index fell 5.6 points to minus 24.9 points. The reading came in below the minus 19.3 points seen in April and represented the lowest level in four months. The decline reflected a drop in both consumer and business confidence. Consumer sentiment deteriorated, falling from minus 48.8 points in April to minus 55.9 points in May. Respondents assessed their saving capacity at a very low level and turned more pessimistic regarding their own financial situation for the next year. Meanwhile, business sentiment deteriorated in May to minus 14.0 points, down from minus 9.0 points in April. The decline was the result of lower expectations in the industrial, trade and construction sectors.
Hungary Economic Sentiment
Economic sentiment slides in May
May 24, 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.