Hungary: Economic sentiment improves in March but remains weak
Latest reading: Economic sentiment rose to 95.3 in March from February’s 93.6. 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 weaker sentiment in the industrial and construction sectors. Meanwhile, confidence in the services sector and among consumers plus sentiment among retailers improved in March.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in March.