Hungary: Economic sentiment improves November
November 23, 2016
The GKI economic sentiment indicator edged up from October’s nearly three-year low of minus 4.5 points to minus 2.2 points in November. November’s print reflects an improvement in business and consumer confidence and marks Hungary's highest reading in four months.
Business sentiment rose from 1.0 points in October to 2.8 points in November. Sentiment improved across the board except for businesses in the trade sector. Conversely, confidence in the construction sector surged to an over one-year high.
Consumer confidence improved from October’s minus 20.3 points to minus 16.5 points. The rise came on the back of consumers’ more upbeat views on their own financial position and saving capacity for the next 12 months.