Hungary: Economic sentiment strengthens again in July
July 27, 2020
The GKI economic sentiment index, a composite indicator, rose to minus 18.2 in July from minus 20.5 in June. July’s reading reflected an improvement in both business and consumer sentiment.
Business confidence increased to minus 15.2 in July from minus 16.2 in June, driven in large part by less pessimistic views in the trade and services sectors. Meanwhile, sentiment in the industrial and construction sectors remained unchanged.
Consumer confidence rose to minus 26.9 in July from minus 32.8 in the previous month as households’ assessment of their financial position and expected savings capacity improved.
Author: Hanna Andersson, Economist