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Hungary Economic Sentiment December 2023

Hungary: Economic sentiment picks up in December

Economic sentiment rose to 97.6 in December from November’s 95.7. December’s result marked the best reading since March. However, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.

The headline print reflected improved sentiment in the industrial and construction sectors. Moreover, confidence in the services sector strengthened in December, as did sentiment in the retail sector. Lastly, consumer confidence rose in December.

Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in December.

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