The GKI-Erste economic sentiment index rose to minus 22.4 points in November, from minus 24.6 points in October, reaching the highest level in seven months. The improvement came on the back of increases in both business and consumer confidence. Consumer sentiment rose from minus 53.0 points in October to minus 50.7 points in November. The November improvement was the result of a less negative assessment of households' own financial situation as well as of their saving opportunities. That said, their willingness to buy durable consumer goods remained virtually unchanged over the previous month. Meanwhile, business sentiment rose to minus 12.4 points in November, also a seven-month high, from minus 14.6 points in October. The improvement was driven by a less pessimistic outlook in most sectors, which more than compensated for a worsening industrial sector outlook.
Hungary Economic Sentiment
Economic sentiment rises to seven-month high
November 26, 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.