Hungarian Parliament building

Hungary Economic Sentiment October 2019

Hungary: Economic sentiment slips to near three-year low in October

The GKI economic sentiment index, a composite indicator, fell to minus 0.7 in October from minus 0.3 in September—the worst print since December 2016. October’s reading was underpinned by a sharp drop in consumer confidence, which more than offset a jump in business sentiment.

Consumer confidence deteriorated markedly in October following two consecutive months of notable improvement. The index tumbled to minus 9.8 from minus 3.7 in September. Households held less favorable assessments on their personal financial situation and ability to save, along with a reduced willingness to purchase big-ticket items.

Conversely, business confidence recovered some lost ground in October after slipping to a nearly six-year low in September, but on the whole remained weak. The index rose to 2.5 from 0.9. Confidence improved significantly in the industrial and trade sectors, while sentiment in the construction and services sectors remained relatively stable.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest