In December, the economic sentiment index produced by the Hungarian Economic Research Institute (GKI, Magyar Gazdasagkutato Intezet) was unchanged over the previous month at minus 7.3 points, which represents the highest level recorded since May 2006. While business confidence was stronger, driven by a recovery in the external sector, this was offset by weaker consumer sentiment. Business sentiment improved to minus 1.4 points, which represents the most positive reading since April 2001. According to GKI, expectations in both industry and trade rose over the previous month. In particular, the industrial sector was more upbeat regarding its stock of orders as well their production levels. Declines in confidence were only seen in construction, which continues to experience sustained pessimism. Meanwhile, consumer confidence dropped markedly from minus 20.8 points tallied in November to minus 24.1 points. Respondents were less optimistic regarding the outlook for the overall economy as well as their own households' current financial situation and their ability to save over the next twelve months.
Hungary Economic Sentiment
Stronger business confidence supports economic sentiment
December 20, 2010
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Hungary Economic News
October 24, 2016
The GKI economic sentiment indicator edged down from minus 3.6 points in September to minus 4.5 points in October.
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.