Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/news/2013-02-24/hungarian-economic-sentiment-rises-to-10-month-high-in-february

Bloomberg News

Hungarian Economic Sentiment Rises to 10-Month High in February

February 24, 2013

Hungary’s economic-sentiment index improved to a 10-month high in February as consumers became less pessimistic.

The index rose to minus 19.5 from minus 19.6 in January, the GKI research institute in Budapest said in an e-mailed statement. The consumer-confidence gauge rose to minus 40.9, the highest since August 2011, from minus 43.4 in January, while the business-confidence index fell to minus 12 from minus 11.3.

Hungary’s economy is in its second recession in four years after the euro-area crisis cut export demand, while the government raised corporate taxes and levied the highest bank tax in Europe, which curbed lending and investment. Gross domestic product will fall 0.1 percent this year after shrinking 1.7 percent in 2012, the European Commission said Feb. 22.

GKI’s indexes are calculated as a balance of positive and negative answers to questions about the outlook for the economy.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus