The economic sentiment index deteriorated in the EU and the euro area in August, but improved in Hungary

The Economic Sentiment Indicator (ESI) weakened in the euro area from 95.7 points in July to 95.2 points, and the European Union’s economic sentiment index decreased from 95.2 points to 94.9 points.

The Employment Expectations Indicator (EEI) strengthened in the EU from 97.5 points to 98.1 points, and in the euro area from 97.5 points to 97.8 points.

The consumer sentiment index in the EU fell from minus 14.7 points in July to minus 15.5 points, and from minus 14.5 points in the euro area to minus 14.8 points in August.

In Hungary, the Economic Sentiment Index (ESI) rose to 91.6 points in August from 89.8 points in July. The Employment Expectations Index (EEI) changed from 94.4 points to 97.4 points. The industrial index rose to minus 11.3 points from minus 14.6 points in July, while the service sector index fell from minus 16.9 points to minus 18.3 points.

Consumer sentiment improved from minus 29.1 points to minus 27 points. The retail sentiment index strengthened from minus 23.7 points to minus 20.9 points. The construction sentiment index improved from minus 29.8 points in July to minus 26.8 points in August.