Hungarian consumer confidence index declined 5 points to -25 in May of 2022 from -20 in the previous month, as households turned gloomier about their financial prospects amid a surge in inflation. The business confidence dropped by 5.5 points while consumer confidence plunged by 9.5 points in May, after a rise in April. The National Bank of Hungary (NBH) said that the annual inflation rate rose 9.5% in April, its highest level since June 2021, was the expected to rise further in coming months and average between 9% - 10% this year. Companies were planning price rises, albeit to a slightly less extent than in April. Customers turned more pessimistic about their financial and savings prospects in May. Since last June the NBH has hiked its base rate by 450 bps to 5.4%. source: GKI Economic Research Co.

Consumer Confidence in Hungary averaged -30.44 points from 1993 until 2022, reaching an all time high of 0.50 points in August of 2002 and a record low of -72.30 points in April of 2009. This page provides - Hungary Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Consumer Confidence - values, historical data and charts - was last updated on July of 2022.

Consumer Confidence in Hungary is expected to be -18.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Consumer Confidence is projected to trend around -8.00 points in 2023 and -6.00 points in 2024, according to our econometric models.

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Hungary Consumer Confidence

Related Last Previous Unit Reference
Consumer Confidence -25.00 -20.00 points May 2022

Hungary Consumer Confidence
In Hungary, GKI Economic Research consumer confidence index measures the level of optimism that consumers have about the performance of the economy. The consumer confidence index is calculated from responses given to questions concerning the actual and the expected financial position of households, the actual and the expected economic situation of the country, and the purchase of higher value consumer durables.
Actual Previous Highest Lowest Dates Unit Frequency
-25.00 -20.00 0.50 -72.30 1993 - 2022 points Monthly