Hungary’s economic acceleration indicator slows

Automotive

The Acceleration Indicator (GYIA), a measure of economic and financial indicators compiled by Hungarian economy daily Világgazdaság, showed a year-on-year rise of 2.74% in August, but it pointed to a slowdown in the pace of growth, the paper reported today. 

In a month-on-month comparison the index was up 0.25%. The GYIA measures non-food retail sales, real interest rates, the real value of the Budapest Stock Exchangeʼs main BUX index, industrial output, stock of vehicle loans, the yield curve for government securities, money supply and real wages.

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