The global economic slowdown is taking its toll on the business sector. In August, the GKI-Erste economic sentiment index fell for the fourth consecutive month to minus 18.9 points, down from minus 16.0 points in July. The drop was entirely the result of weakening business confidence, which has fallen markedly after reaching a decade-high in February. Business confidence plunged from minus 6.9 points in July to minus 11.3 points in August, which represents the lowest level in 18 months. The drop was broad-based, with expectations falling in all sectors, but especially in commerce and services. Nonetheless, according to GKI, sentiment in the industrial sector declined for the sixth month in a row. In contrast, consumer confidence ticked up after declining for three consecutive months. In August, consumer sentiment stepped up to minus 40.7 points from minus 42.0 points in July. The improvement came as a result of respondents assessing ?their financial situation, the number of unemployed and the future prospects of the Hungarian economy a bit more favourably than a month ago.?
Hungary Economic Sentiment
Economic sentiment continues to fall as business confidence dwindles
August 24, 2011
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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.