Hungarian Parliament building

Hungary Economic Sentiment September 2019

Hungary: Economic sentiment tumbles in September on a dive in business confidence, while consumer confidence rises to 17-year high

The GKI economic sentiment index, a composite indicator, tumbled to 0.3 points in September from 4.0 points in August. September’s print reflected a sharp downturn in business sentiment, which offset an improvement in consumer confidence, and marked the worst reading since February 2017.

Business confidence has been on a downward trend since the beginning of the year and plummeted to 0.9 points in September from 7.5 points in August, which marked the worst print since November 2013. Expectations deteriorated in the industrial, trade and services sectors, while rising slightly in the construction sector.

Conversely, consumer confidence climbed to minus 3.7 points in September from minus 5.9 points in August, which marked the best reading in 17 years. The rise reflected households’ more favorable assessments of their future financial situation and ability to save compared to a month ago.

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 X Download Fullscreen