Hungary Economic Sentiment June 2019

Hungary

Hungary: Economic sentiment slides in June

June 23, 2019

The GKI economic sentiment index, a composite indicator, fell to 2.4 points in June after rising for the first time in five months to 4.3 points in May. June’s drop reflected a deterioration in business confidence, which more than offset an improvement in consumer confidence.

Business confidence worsened amid less positive short-term expectations in the industrial and services sectors, with the index sliding to 5.7 points from 9.4 points in May. Sentiment in the trade and construction sectors was essentially stable from May.

Meanwhile, consumer confidence climbed in June, with the index rising to minus 7.0 points from minus 10.4 points in May. June’s uptick reflected households’ more upbeat assessment of their ability to save and brighter outlook on their personal financial situation.

FocusEconomics panelists expect fixed investment to grow 9.7% in 2019, which is up 1.2 percentage points from last month’s projection. For 2020, the panel sees fixed investment growth decelerating to 3.3%. FocusEconomics project expect private consumption to expand 4.3% in 2019, which is up 0.2 percentage points from last month’s projection. For 2020, panelists see private consumption expanding 3.4%.


Author:, Economist

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Hungary Economic Sentiment June 2019 0

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


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