Hungarian Parliament building

Hungary Economic Sentiment February 2019

Hungary: Economic sentiment declines further in February

The GKI economic sentiment index, a composite indicator, dropped to 6.7 points in February from 7.1 points in January. The decrease reflected a decline in business confidence which more than offset an improvement in consumer confidence.

The business sentiment component of the index fell to 12.9 points in February from 13.9 points in January on the back of softer optimism in the industrial, trade and services sectors. Confidence in the construction sector, on the other hand, rose. Weaker confidence in the industrial sector was caused by worse assessments of production levels and stocks of orders. Meanwhile, confidence in the services sector dropped due to a deterioration in the assessments of the general business climate and of turnover. Conversely, sentiment in the construction sector gained ground on better assessments of production and orders.

Looking at the different subcomponents of the business sentiment survey, intentions to hire weakened in all sectors except in the construction sector, while intentions to raise prices declined in all sectors except for construction. Lastly, views on Hungary’s economic outlook improved in all sectors except in industry, and they also got rosier among consumers.

Meanwhile, consumer confidence rose in February, with the index increasing to minus 11.1 points from minus 12.1 points in the preceding month. The increase reflected households’ more favorable views on their financial position and saving capacities, and they also showed greater willingness to purchase high-value durables.

Hungary Fixed Investment Forecast

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen