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

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungary
  • 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.
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  • 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.