Hungary: Economic sentiment deteriorates in May
Economic sentiment came in at 98.2 in May, down from April’s 98.7. 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 sector, and sentiment in the services sector deteriorated in May. More positively, sentiment in the construction and retails sectors improved in the surveyed month. Finally, consumer sentiment rose in May.
Referring to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index improved in May.