Hungary: Economic sentiment improves in August, remains below threshold
Economic sentiment rose to 99.1 in August from July’s 98.9. Nevertheless, 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 and construction sectors. Moreover, confidence in the services sector deteriorated in August. Meanwhile, sentiment in the retail sector increased in the surveyed month, and consumer confidence increased in August.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index decreased in August.