Hungary - Consumer Confidence

Hungary: Consumer Confidence

Mnemonic CIC.IHUN
Unit SA
Monthly 2.49 %
Data Sep 2020 -20.6
Aug 2020 -20.1

Series Information

Source European Communities, EUROSTAT
Release Eurostat - Business and Consumer Survey
Frequency Monthly
Start Date 2/28/1993
End Date 9/30/2020

Hungary: Consumer

Reference Last Previous Units Frequency
Consumer Confidence Sep 2020 -20.6 -20.1 SA Monthly
Retail Sales Aug 2020 1,094,427 1,103,658 Mil. HUF, NSA Monthly
Real Retail Sales Dec 2017 125.2 125.1 Index 2010=100, WDASA Monthly

Release Information

Business and consumer surveys provide essential information for economic surveillance, short-term forecasting and economic research. Moreover, they are widely used to detect turning points in the economic cycle. Surveys are therefore a key complement to official statistics, which are often available after long delays.

Business and Consumer Surveys are compiled in accordance with the framework of the Joint Harmonized EU Program of Business and Consumer Surveys - for the following fields: industry, retail trade, building, service sector, investment and consumer. Nowadays the Program includes the current 28 Member States of the European Union.

Confidence indicators are computed for industry, services, building, retail trade and consumers. A composite Economic Sentiment Indicator (ESI) is also computed as an indicator of developments in the industrial, services, construction, consumer and retail trade sectors.

Figures are presented as seasonally adjusted balances, defined as the difference (in percentage points of total answers) between positive and negative answers. Exceptions: ESI (index), confidence indicators (arithmetic average of balances), current level of capacity utilization (percentage) and estimated months of production assured by orders (number of months).

Figures are seasonally adjusted if the series contain at least 36 monthly or 12 quarterly observations.

In general, data are disseminated starting in 1985. For some countries and the service survey, information is only partially available.

 Revisions are rare

For more detailed information please refer to: