Hungarian Parliament building

Hungary Economic Sentiment April 2021

Hungary: Economic sentiment close to pre-crisis level in April

The GKI economic sentiment index, a composite indicator, jumped to minus 6.8 in April from minus 16.7 in March, the best result since the outbreak of the coronavirus pandemic in March of last year. April’s result was driven by stronger business and consumer confidence.

Business confidence increased to minus 0.6 in April from minus 11.1 in March, marking the strongest reading since February 2020. The print mainly reflected stronger sentiment in the industrial, construction, services and trade sectors.

Meanwhile, consumer confidence rose to a 13-month high of minus 24.5 in April from minus 32.6 in the previous month due to households’ improved assessments of their own financial situation.

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