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Hungary Economic Sentiment September 2023

Hungary:

Economic sentiment fell to 93.6 in September from August’s 95.9. 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 declining sentiment in the industrial sector and weaker sentiment in the construction sector. In the meantime, confidence in the services sector softened in September, whereas sentiment in the retail sector waned in the surveyed month. Lastly, consumer confidence weakened in September.

Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index improved in September.

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