Economic Sentiment Index Deteriorated in the EU, But Improved in Hungary

The economic sentiment index deteriorated in the eurozone and the European Union in February compared to the previous month, while it improved in Hungary, based on data released on Thursday by the European Commission’s Directorate-General for Economic and Financial Affairs (DG ECFIN).

The Economic Sentiment Indicator (ESI) fell to 98.3 points in both the eurozone and the European Union in February from 99.3 points in January.

The Employment Expectations Indicator (EEI) fell from 99.2 points in January to 98.5 points in the EU and from 98.2 points to 97.6 points in the eurozone in February.

The consumer confidence index in the EU was minus 11.7 points in February, similar to January, while in the eurozone it strengthened from minus 12.4 points to minus 12.2 points.

In Hungary, the economic sentiment indicator (ESI) improved from 95.1 points in January to 96.5 points in February. The employment expectations index (EEI) changed from 101.6 points to 98.8 points. The industrial indicator strengthened from minus 11.1 points in January to minus 8.6 points, while the service industry indicator fell from minus 13.2 points to minus 16.1 points.

Consumer sentiment improved from minus 19.6 points to minus 17.8 points. The retail sentiment index fell from minus 18.7 points in January to minus 19.5 points. The construction sentiment index improved to minus 22.3 points in February from minus 25.4 points in the previous month.

Via MTI; Featured image: Pixabay

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