Hungary: Economic sentiment improves in July
July 25, 2016
The GKI-Erste economic sentiment indicator rose in July, increasing from minus 3.7 points in June to 0.0 points. The result was driven by improvements in both business and consumer sentiment.
Business sentiment tallied 5.6 points in July, coming in above June’s 1.7 reading, which had marked the lowest print in nearly two years. According to GKI, in July, sentiment rose in the industrial and services sectors, while it fell among the commercial and construction sectors.
Meanwhile, consumer confidence advanced from June’s minus 19.2 points to an over-two-year high of minus 16.1 points in July. According to GKI, the increase was driven by consumers becoming more optimistic about their savings capacity, their own financial situation in the next year and their ability to buy big-ticket items.