Hungary: Economic sentiment rises but remains sour in June
Latest reading: Economic sentiment rose to 93.1 in June from May’s 91.6. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected stronger sentiment in the industrial and retail sectors. Still, sentiment in the construction and services sectors as well as among consumers softened in June.
Relating to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index improved in June.