Hungary: Economic sentiment improves in December
December 21, 2016
The GKI economic sentiment indicator for Hungary edged up from November’s minus 2.2 points up to a five-month high of minus 0.9 points in December. December’s print reflects an improvement in both business and consumer confidence.
Business sentiment rose from 2.8 points in November to 3.7 points in December. December’s print came on the back of improved economic prospects for next year in all economic sectors. Intentions to employ rose in all except for construction, and business expectations in all sectors were more optimistic except in services which remained broadly unchanged.
Consumer confidence improved from November’s minus 16.5 points to minus 14.1 points. December’s print marks the best reading since April 2006. The rise came on the back of consumers’ more upbeat views on their own financial position in 2017 and their increased willingness to purchase large ticket items