GKI-MGYOSZ real estate index at its nine-year peak

real_estateIn January 2016, the Budapest and the Hungarian real estate market indices of GKI-MGYOSZ were higher than in the previous quarter, in both cases by almost 3 points. This represents a 35-quarter peak: last time the index was as high as this in the third quarter of 2007. Since the beginning of 2013 expectations in the real estate market have improved noticeably, with some minor fluctuations. Current prospects reflect overall optimism not seen for a long time, although there are some differences between the development paths of individual market segments. Read More …

Deceleration continues in 2016

After a numfekber of weak years, the development of the Hungarian economy in 2014 was the
second fastest in the EU. GDP growth was above-average in 2015 as well; however, it lagged
behind the results of the majority of Hungary’s competitors in the CEE region due to the
slowdown in the economy. In 2016 the gap will open further: in the 11 countries of the region
only the Croatian, Bulgarian and Slovenian GDP growth rates will be lower than the Hungarian
one.  Read More …

GKI Economic Sentiment Index started high

képThe GKI economic sentiment index adjusted for seasonal effects started at a high level in Janu-ary 2016 not seen for almost one and a half years. According to the empirical survey conducted by GKI (www.gki.hu) with the support of the EU, expectations were near their 2015 peak in the business sector and near their 2014 peak among consumers.
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In December the GKI consumer confidence index reached its peak this year

Optimism-2In December the GKI-Erste economic sentiment index adjusted for seasonal effects remained essentially unchanged. 2015 was characterized by optimism and monthly fluctuations were quite modest. According to the empirical survey conducted by GKI with the support of the EU, in December expectations were also unchanged in the business sector, whereas they reached their peak this year among consumers (after a slight improvement). Read More …