Hungarian Economic Sentiment Improves For Fourth Straight Month: GKI

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Hungarian economic sentiment rose to minus 32.4 in August from minus 35.2 in July, a monthly survey conducted by the GKI Economic Research showed Monday. The index has been increasing since May.

The GKI economic confidence index is the weighted average of the consumer confidence index and the business confidence index.

As expectations improved in all industries, business confidence rose to minus 22.8 in August from minus 25.4 in July. Business confidence thus strengthened for the fifth month in a row. Meanwhile, consumer sentiment climbed to minus 59.8 from minus 63.1 last month. All components of the consumer confidence index showed a positive move in August.

Hungarian economic sentiment rose to minus 32.4 in August from minus 35.2 in July, a monthly survey conducted by the GKI Economic Research showed Monday. (Market News Provided by RTTNews)