GKI’s economic sentiment inxex declined further in July, though at a slower rate

GKI’s economic sentiment index fell in July to its more than one-year low, the lowest since March last year. According to the empirical survey conducted by GKI Economics Research Co. with the support of the EU, business expectations fell by around 8 points since April this year, while consumer expectations dropped by more than 20 points, and pessimism among companies and households increased by a similar amount in July. (The household survey was carried out before the announcement of the ‘overhead increase’.) Overall, companies’ efforts to raise prices remained unchanged, while the assessment of the Hungarian economy continued to deteriorate.

You can download the report from here.

You can reach the archive of survey summaries here.