Over the past couple of months, several favourable processes emerged within the Hungarian economy: according to GDP data published two weeks ago, Hungary’s quarter-on-quarter output increased by 0.7 percent, the third best figure in the EU. Positive changes are also anticipated for the future, as major economic indicators show that the expectations of domestic economic stakeholders have been turning optimistic: the latest reading of the economic sentiment indicator of the Hungarian Development Bank – due mainly to an improvement regarding companies’ future investment plans – jumped to a two-year high, the Purchasing Managers Index of the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) signals expansion of the manufacturing sector and the GKI-Erste indicator points to rebounding business and consumer sentiment.

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(Ministry for National Economy)