Hungary: Economic sentiment lowest in two years
August 22, 2016
The GKI-Erste economic sentiment indicator fell to the lowest level in two years in August, declining from July’s 0.0 points to minus 3.9 points. The result was driven by setbacks in both business and consumer sentiment.
Business sentiment tallied 1.2 points in August, coming in below July’s 5.6 reading and marking the lowest print since November 2013. According to GKI, sentiment fell across all sectors surveyed: industry, construction, trade and services. Meanwhile, consumer confidence decreased from July’s minus 16.1 points to minus 18.6 points in August.