Hungary: Economic sentiment rises in August but remains below threshold
Latest reading: Economic sentiment rose to 91.6 in August from July’s 89.8. 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 improved sentiment in the industrial, retail and construction sectors, as well as among consumers. Meanwhile, confidence in the services sector cooled in August.
Relating to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in August.