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Ecostat Acceleration Indicator falls in February T

The Acceleration Indicator (GyIA), a measure of ten different economic and financial indicators compiled by research institute Ecostat and business daily Világgazdaság, fell 0.11% in February after rising for four consecutive months, the on-line version of Vilaggazdasag said.

The January figure showed a 0.15% rise, and the last worse month than this was June 2009, vg.hu said.

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, the stock of vehicle loans, the yield curve for government securities, money supply and real wages.

The GyIA fell even though six of its components showed a rise in February, while four fell during the month, vg.hu said. (MTI – Econews)