Hungary Economic Sentiment October 2020


Hungary: Economic sentiment improves in October

October 26, 2020

The GKI economic sentiment index, a composite indicator, rose to minus 18.8 in October from minus 19.3 in September. October’s result was driven by improved business confidence.

Business confidence rose to minus 13.4 in October from minus 15.1 in September. The print mainly reflected more favorable business expectations.

Meanwhile, consumer confidence fell to minus 34.2 in October from minus 31.1 in the previous month due to households’ deteriorated assessments of their own financial situation.

FocusEconomics panelists sees fixed investment contracting 8.9% in 2020, which is up 0.2 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 3.0% in 2020, which is up 0.3 percentage points from last month’s projection. For 2021, panelists see private consumption rising 4.0%.


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Hungary Economic Sentiment Chart

Hungary Economic Sentiment October 20 20

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

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