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Ecostat-Világgazdaság Acceleration Indicator rises 0.3% in June

The Acceleration Indicator (GyIA), a measure of ten different economic and financial indicators compiled by research institute Ecostat and business daily Világgazdaság, rose 0.3% in June after falling 0.17% in May, Ecostat told MTI on Thursday.

The Acceleration Indicator, which increased for seven consecutive months until May, rose an average of 0.1% per month during the first half of 2010.

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. Almost all of the indicators rose in June, but those for the yield curve, the stock of vehicle loans and propensity to make investments fell. (MTI-Econews)