Hungary Economic Sentiment April 2022

Hungary

Hungary: Economic sentiment at three-year high in April

April 28, 2022

The GKI economic sentiment index, a composite indicator, rose to plus 2.6 in April from minus 5.5 in March. April’s result was driven by improving business and consumer sentiment.

Business confidence increased to 10.5 in April from 2.4 in March. The print reflected declines in sentiment in the industrial, trade, construction and services sectors.

Meanwhile, consumer sentiment rose to minus 20.0 in April from minus 28.0 in March due to households’ improved assessments regarding their own financial situation and their current possibility of purchasing big-ticket items.

FocusEconomics panelists forecast fixed investment to expand 7.2% in 2022, which is unchanged from last month’s projection. For 2023, the panel sees fixed investment growing 5.8%. Panelists project private consumption to increase 4.8% in 2022, which is unchanged from last month’s projection. For 2023, panelists see private consumption expanding 3.7%.


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