Daily News Hungary economy

Budapest, January 26 – The Acceleration Indicator (GYIA), a measure of economic and financial indicators compiled by business daily Világgazdaság, showed 3 percent growth in January, edging up one-tenth of a percentage point from the previous month, the paper said on Thursday.

The financial components of the indicator supported the increase, while the economic components, with the exception of ones that gauge the labour market, underperformed, it said.

The GYIA gauges 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.

Source: MTI

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