Hungary: Economic sentiment improves in December
December 20, 2012
The GKI-Erste economic sentiment index rose to minus 21.2 points in December, from minus 22.4 points in November, reaching the highest level in eight months. The improvement came on the back of increases in both business and consumer confidence.
Consumer sentiment rose from minus 50.7 points in November to minus 49.3 points in December, as consumers' willingness to buy durable goods improved over the previous month. That said, according to the respondents, their assessment of the financial situation and saving capacity for next 12 months was broadly stable from November. Consensus Forecast panellists anticipate...
Meanwhile, business sentiment rose to minus 11.3 points in December, also an eight-month high, from minus 12.4 points in November. The increase was driven by a notable improvement in the services sector, which compensated for a worsening in the construction and trade sectors outlook.