Hungary: Economic sentiment dips as consumers grow more pessimistic in September
September 21, 2020
The GKI economic sentiment index, a composite indicator, slid to minus 19.3 in September from minus 19.0 in August. September’s result marked the second consecutive decline in sentiment, driven by consumers’ increased pessimism.
Business confidence inched up to minus 15.1 in September from minus 15.3 in August. The print reflected a deterioration in the sentiment in the industry and services sectors.
Consumer confidence fell to minus 31.1 in September from minus 29.6 in the previous month as households’ intentions to purchase high-value durables weakened.