Hungary Economic Sentiment March 2019

Hungary

Hungary: Economic sentiment slips further in March

March 29, 2019

The GKI economic sentiment index, a composite indicator, dropped to 6.2 points in March from 6.7 points in February. The decrease reflected a deterioration in business confidence which more than offset an improvement in consumer confidence.

The business sentiment component of the index fell to 12.1 points from 12.9 points in February on the back of weaker optimism in the industrial and construction sectors. Confidence in the trade and services sectors, on the other hand, rose.

Meanwhile, consumer confidence rose in March, with the index increasing to minus 10.7 points from minus 11.1 points in February. The increase reflected households’ more favorable views on their financial position, although they were less upbeat on their savings capacity and willingness to purchase high-value durables.

FocusEconomics panelists expect fixed investment to grow 7.8% in 2019, which is unchanged from last month’s projection. For 2020, the panel sees fixed investment growing 4.0%. FocusEconomics project expect private consumption to expand 3.9% in 2019, which is unchanged from last month’s projection. For 2020, panelists see private consumption expanding 3.2%.


Author:, Economist

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Hungary Economic Sentiment March 2019 0

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


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