Hungary: Economic sentiment deteriorates in September
Latest reading: Economic sentiment fell to 98.7 in September, down from August’s 99.1. 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 worse sentiment in the industrial, retail and construction sectors. Additionally, consumer confidence softened in September. Meanwhile, confidence in the services sector improved.
Relating to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index improved in September.