Hungary: Economic sentiment at three-year high in April
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.