While in the first quarter of 2019, the GKI economic sentiment index fell only slightly month-over-month, its decline in April exceeded its total drop in the previous three months. Thus the GKI economic sentiment index dropped to the level recorded about two years ago, which was otherwise high. The deterioration in April, similarly to the previous two months, was due to business expectations as the consumer ones had been improving for the third month and they are now more favourable than at the end of last year.
Although the GKI economic sentiment index was rising constantly in the last quarter of 2018, it declined slightly but steadily during the first quarter of 2019. The deterioration in March, as in February, was attributed to unfavourable business sentiment since consumer expecta-tions improved somewhat both in February and March, and they reached the level record-ed at the end of 2018. Hungarian economic actors continue to show strong optimism.