Hungary: Economic sentiment increases in April
Economic sentiment came in at 98.8 in April, up from March’s 98.5. 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 stronger sentiment in the services sector. Conversely, sentiment in the industrial, construction and retail sectors weakened. Moreover, consumer confidence deteriorated in April.
Referring to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index fell in April.