Hungary's October Economic Sentiment Index Rises to Highest Since May 2006
Hungary’s October economic sentiment index rose to the highest since May 2006 as businesses and consumers became more optimistic, market research institute GKI said.
The economic sentiment index advanced to minus 9.2 from minus 11.7 in September, Budapest-based GKI said in an e-mailed statement. The business confidence index improved to minus 5.2 from minus 7 and the measure for consumer confidence rose to minus 20.6 from minus 25.
The GKI indexes are calculated based on a balance of positive and negative answers to questions about the outlook for the economy.
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