Hungary: Economic sentiment ticks up but remains weak in February
Latest reading: Economic sentiment rose to 93.6 in February from January’s 91.0. 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 industrial and retail sectors plus healthier confidence in the services sector. Meanwhile, sentiment in the construction sector weakened and consumer confidence deteriorated.
Regarding indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index fell in February.