On December 12, 2024, the latest Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) for Hungary was released, showing a modest upward shift in consumer confidence. Standing at 33.99, the PCSI for December marks a slight increase from November's figure of 33.92, highlighting a stable but cautious trajectory in consumer sentiment for the country.
The index, which gauges what people are thinking about the current and future state of the economy, local economic conditions, personal financial situations, and investment climate, points to a month-over-month improvement in consumer outlook. The slight rise suggests that Hungarian consumers may be feeling a marginal boost in confidence about financial and economic conditions, though the overall sentiment remains wary as the index hovers in the low 30s.
This tiny uptick in consumer sentiment follows a rather stagnant November, indicating a consistent but slight positive change in the public’s economic perception as the year concludes. With such numbers, policymakers and investors in Hungary will likely continue to keep a watchful eye on economic trends to understand potential impacts and prepare for any shifts in consumer behavior as 2025 approaches.
