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.
After three months of growth, the GKI economic sentiment index dropped to its October level in January 2019. Business and consumer expectations slightly deteriorated as well, and especially the latter are less favourable than a year earlier. At the same time, both of them continue to reflect strong optimism.
Following its slowdown at the end of summer, in December GKI’s economic sentiment index has been growing for the third consecutive month. Both business and consumer expectations have improved slightly, reflecting strong optimism.
GKI’s economic sentiment index remained essentially unchanged in November. Business expectations continued to improve, whereas consumer ones declined further. The business confidence index is around its yearly average now. Although the consumer confidence in-dex is close to its lowest point this year, it continues to reflect optimism.