Hungary Economic Sentiment June 2020

Hungary

Hungary: Economic sentiment continues to improve in June

June 22, 2020

The GKI economic sentiment index, a composite indicator, rose to minus 20.5 in June from minus 28.1 in May. June’s reading largely reflected an improvement in business sentiment amid ameliorating industrial expectations.

Business confidence increased to minus 16.2 in June from minus 24.5 in May driven by less pessimistic sentiment across all sectors, with the services sector the least downbeat.

Consumer confidence rose to minus 32.8 in June from minus 38.5 in the previous month as households’ appraisal of their personal financial turned less downbeat.

FocusEconomics panelists sees fixed investment contracting 9.2% in 2020, which is down 0.7 percentage points from last month’s projection. For 2021, the panel sees fixed investment growth at 6.1%. FocusEconomics panelists project expect private consumption to fall 4.0% in 2020, which is down 0.3 percentage points from last month’s projection. For 2021, panelists see private consumption rising 4.9%.


Author:, Economist

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Hungary Economic Sentiment June 20 20

Note: Consumer confidence, business confidence and economic sentiment indicators.
Source: GKI Economic Research Co.


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