Hungary: Economic sentiment deteriorates in October
Economic sentiment came in at 92.5 in October, down from September’s 93.5. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected languished sentiment in the industrial sector. However, confidence in the services and construction sectors strengthened in October, whereas sentiment in the retail sector was up in the surveyed month. Lastly, consumer confidence increased in October.
Referring to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index increased in October.