Hungary: Economic sentiment broadly stable in September
September 28, 2022
The GKI economic sentiment index, a composite indicator, fell to minus 14.5 in September from minus 14.3 in August. September’s result was the lowest reading in 17 months and was driven by worsening consumer sentiment more than offsetting less downbeat business sentiment.
Consumer sentiment fell to minus 52.6 in September from minus 49.2 in August due to households’ deteriorated assessments regarding their own financial situation, their savings capacity and their future possibility of purchasing big-ticket items.
Meanwhile, business confidence increased to minus 1.1 in September from minus 2.1 in August. The print reflected an increase in sentiment in the industrial, trade and services sectors.