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.
The GKI economic sentiment index reached its historic peak in July and its lowest point this year in August. It continued to decline in September, and fell close to its level a year ago. According to the empirical survey conducted by GKI with the support of the EU, business expectations also reached their level a year ago, whereas the consumer confidence index rose after its decline in July and August.
After reaching its historic peak in July, the GKI economic sentiment index fell to its lowest point this year. According to the empirical survey conducted by GKI with the support of the EU both business and consumer expectations deteriorated, but they continue to reflect optimism.
After its historic peak in June, GKI’s economic sentiment index continued to rise further in July. According to an empirical survey conducted by GKI with the support of the EU, business expectations became more optimistic than ever before, whereas consumer ones, albeit still very favourable, fell to their lowest level this year.