In November, the economic sentiment index elaborated by the Hungarian Economic Research Institute (GKI, Magyar Gazdasagkutato Intezet) rose from minus 9.2 points in October to minus 7.3 points, which represents the highest level recorded since May 2006. The figure confirms the notion of a sustained export-led recovery which, according to most recent data, is finally showing signs of filtering into the domestic sector. The rise of the economic sentiment index reflected stronger business confidence, which increased from minus 5.2 points to minus 2.6 points. According to GKI, business confidence was stronger in all sectors with the exception of services. Moreover, respondents in all sectors except construction were more upbeat regarding the economic outlook. Meanwhile, consumer sentiment remains strong. In November, the consumer confidence index was virtually unchanged over the previous month (October: minus 20.6 points; November: minus 20.8 points), which marked the highest level in over four years. The mild drop was the result of slightly weaker confidence of the consumers' own financial situation and on the outlook for the overall economy.
Hungary Economic Sentiment
Economic sentiment continues to climb
November 23, 2010
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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.