Free Trial

HUNGARY: Economic Sentiment Falls in May, NBH to Publish Financial Stability

HUNGARY
  • Hungary's GKI economic sentiment fell to -13.3 in May from -12.5 in April, according to the GKI Economic Research. Business confidence fell to -8.5 from -7.5, while consumer confidence fell to -26.9 from -26.7.
  • Foreign Minister Szijjarto told reporters Monday that Hungary is continuing to block all funding for Ukrainian weapons despite strong objections from other EU foreign ministers at a meeting in Brussels, Bloomberg report. “This caused a huge uproar,” Szijjarto said, adding that Hungary faced “huge pressure” to yield. Hungary is blocking three separate €500m tranches of funding from the European Peace Facility destined to help Ukraine. 
  • The National Bank of Hungary will publish its semi-annual financial stability report at 09:00BST/10:00CET. There are no other data releases scheduled for today, with PPI and trade balance figures set to cross at the end of the week.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.