Hungary acceleration indicator improves in January

Analysis

The Acceleration Indicator (GYIA), a measure of ten economic and financial indicators compiled by business daily Vilaggazdasag, edged up 0.04% in January from the previous month.

The index advanced after showing declines of 0.1-0.2% in the previous four months in a row.

Indicators for money supply and the yield curve for government securities improved, while the gauge of real interest rates moved in the opposite direction. The measure of the Budapest Stock Exchange’s main BUX index inched down, and the measure of industrial output, which has the biggest weigh in the index, also showed a modest contraction.

Real wages rose in January and the stock of consumer loans fell. The period during which jobseekers remained unemployed became shorter.

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