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Ecostat Acceleration Indicator rises in March

The Acceleration Indicator (GYIA), a measure of ten different economic and financial indicators compiled by research institute Ecostat and business daily Világgazdaság, rose 0.38% in March after falling 0.09% in February, Ecostat informed MTI on Thursday.

The indicator rose for seven-consecutive months between from July 2009 until January 2010 before declining in February.

Ecostat noted that six of the GYIA's ten components rose in March.

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. (MTI-ECONEWS)