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Report: Economic/financial indicator GyIA up 1.19%

Analysis

The Acceleration Indicator (GYIA), a measure of economic and financial indicators compiled by business daily Világgazdaság, rose 1.19% in October from the same month a year earlier, the paper reported today.

The indicator climbed at its fastest rate in two years although part of the increase reflected base effects as GYIA fell 2.33% in October 2012. 

The pace of increase accelerated moderately from 0.93% in September; through that month, the GyIA enjoyed its largest two-month increase since the onset of the global financial crisis in 2008.

The GYIA measures non-food retail sales, real interest rates, the real value of the Budapest Stock Exchange’s main BUX index, industrial output, stock of vehicle loans, the yield curve for government securities, money supply and real wages.

-- David Landry contributed to this report

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