The business cycle

Hungary: Economic sentiment

By May 22, 2018 May 23rd, 2018 No Comments

The Hungarian economic sentiment index fell slightly in May, with a steady increase in business confidence contrasted by a fall in consumer confidence. Despite this softening, we are confident in our projection that GDP growth will remain above 4% this year – sentiment remains at historically high levels and last week’s flash Q1 GDP reading came in at 4.4% yoy, 0.3ppts above consensus forecasts.