Hungarian Parliament building

Hungary Economic Sentiment October 2020

Hungary: Economic sentiment improves in October

The GKI economic sentiment index, a composite indicator, rose to minus 18.8 in October from minus 19.3 in September. October’s result was driven by improved business confidence.

Business confidence rose to minus 13.4 in October from minus 15.1 in September. The print mainly reflected more favorable business expectations.

Meanwhile, consumer confidence fell to minus 34.2 in October from minus 31.1 in the previous month due to households’ deteriorated assessments of their own financial situation.

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