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Ecostat Acceleration Indicator rises in May

The Acceleration Indicator (GYIA), a measure of ten different economic and financial indicators compiled by research institute Ecostat and business daily Világgazdaság, rose 0.33% in May after falling 0.67% in April, Ecostat told MTI on Thursday.

Among the indicators the GYIA measures, industrial output, real interest rates, money supply and the real value of the Budapest Stock Exchange's main BUX index all improved in May. Stock of vehicle loans rose and the average time spent out of work was shorter. Indicators that deteriorated included business outlook, the yield curve for government securities, real wages and non-food retail sales. (MTI-ECONEWS)