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Ecostat Acceleration Indicator falls for third month in a row

The Acceleration Indicator (GYIA), a measure of ten different economic and financial indicators compiled by Ecostat and business daily Vilaggazdasag, fell 0.22 percentage point to 99.78pc in September, dropping for the third month in a row.

The index measured 99.95pc in July and 99.94pc in August.

Among the indicators the GYIA measures are 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.

The indicator fell in September even though six out of its ten components rose during the month. (MTI-Econews)