Hungary: Economic sentiment deteriorates in May
Latest reading: Economic sentiment came in at 91.6 in May, down from April’s 93.5. As a result, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected weaker sentiment in the industrial, retail and construction sectors. Moreover, confidence in the services sector and among consumers softened in May.
Regarding indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index fell in May.