In April, the GKI-Erste economic sentiment index was virtually unchanged over the previous month at minus 19.3 points. The reading came in only a notch below the minus 19.0 points seen in March, which had marked the highest level since August 2011. Consumer sentiment improved for the third month in a row, rising from minus 49.9 points in March to minus 48.8 points in April. Respondents assessed more positively their saving opportunities compared to the previous month. However, according to GKI, households remained very pessimistic, turning more downbeat about their own financial situation for the next year. Meanwhile, business sentiment deteriorated in April to minus 9.0 points, down from minus 8.1 points in March, which had represented the highest level in eight months. The decline was the result of lower expectation in the services sector, while they were virtually unchanged in trade, industry and construction.
Hungary Economic Sentiment
Economic sentiment virtually unchanged in April
April 24, 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.