Hungary Economic Sentiment October 2021

Hungary

Hungary: Economic sentiment improves in October amid higher business and consumer sentiment

October 27, 2021

The GKI economic sentiment index, a composite indicator, rose to plus 2.5 in October from minus 0.5 in September, the best result since November 2019. October’s result was driven by stronger business and consumer confidence.

Business confidence increased to 8.7 in October from 6.5 in September, marking the strongest reading since May 2019. The print reflected a broad-based increase in sentiment in the industrial, services and trade sectors.

Meanwhile, consumer confidence improved to minus 15.2 in October from minus 20.3 in September due to households’ improved assessments regarding their own financial situation and the willingness to buy high-value consumer goods.

FocusEconomics panelists forecast fixed investment to expand 5.4% in 2021, which is unchanged from last month’s projection. For 2022, the panel sees fixed investment growing 6.2%, which is unchanged from last month’s forecast. FocusEconomics panelists project private consumption to increase 4.2% in 2021, which is unchanged from last month’s projection. For 2022, panelists see private consumption expanding 3.9%, which is unchanged from last month’s forecast.


Author:

Sample Report

Looking for forecasts related to Economic Sentiment in Hungary? Download a sample report now.

Download




Hungary Economic News

More news

Search form