The volume of industrial production lagged behind the one year earlier level by 5.3%, based on working-day adjusted data by 6.4% in December 2024. Out of the manufacturing subsections production increased in seven, decreased in six of them, at the highest rate in the manufacture of electrical equipment. According to seasonally and working-day adjusted data, industrial output was 1.8% lower than in November 2024. In 2024 the volume of industrial production was below the 2023 level by 4.0%.

Construction output volume drops by 4.2%

Construction output volume, based on raw data, lagged behind the previous year’s level by 4.2% in December 2024. Out of the main groups of construction the construction of buildings lessened by 1.0%, that of civil engineering by 10.2%. Based on seasonally and working day ...

Inflation above 5 percent again

Consumer prices were 5.5% higher on average in January 2025 than a year earlier. Over one month, consumer prices rose by 1.5% on average, within which motor fuels became 2.7% more expensive.

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Retail sales up slightly in December

In December 2024, the volume of retail trade was 0.4% higher in raw data, or 0.1% higher in calendar-adjusted terms, than in the same month of the previous year. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 1.2% ...

Industrial production down by 5.3 percent

The volume of industrial production lagged behind the one year earlier level in December 2024 by 5.3%, production based on working-day adjusted data by 6.4%. According to seasonally and working-day adjusted data, industrial output was 1.8% lower than in November 2024.

EUR 387 million surplus in the external trade in goods

The value of export in EUR terms lessened in December 2024 by 0.5%, that of import by 7.0% compared to the same period of the previous year. The balance of the external trade in goods improved by EUR 684 million. Compared to the previous ...

Industrial producer prices up 9 percent

Industrial producer prices were 9.0% higher on average in December 2024 than one year earlier. Domestic output prices were 4.0% and non-domestic output prices 11.5% higher than in December 2023. The price rise was primarily caused by the weakening of the forint exchange rate ...

Recession is over

The volume of Hungary’s gross domestic product was 0.4% higher according to raw data and 0.2% higher according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2024 than in the corresponding period of the previous year. Compared to the ...

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Drop in exports causes trade balance to decline

The volume of export lessened by 3.8% and that of import surpassed the same period of the previous year’s level by 2.8%, compared to the same period of the previous year. The surplus was EUR 819 million, the balance deteriorated by EUR 639 million, ...

Number of arrivals up by 11 percent

In December 2024, nearly 1.3 million guests spent 2.9 million tourism nights at tourist (commercial, private and other) accommodation establishments. The number of tourist arrivals was 11% and that of tourism nights 8.4% higher than a year earlier. The number of nights spent by ...

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Number of registered jobseekers edges lower

There were 225,978 registered jobseekers in Hungary in May, 1 percent fewer than the same month a year earlier and down 2 percent from April, the National Employment Service (NFSZ) said.

May industrial output down 5.2 percent

Hungarian industrial output in May dropped by an annual 5.2 percent based on unadjusted data, and by 4.9 percent according to working-day adjusted data, the Central Statistical Office (KSH) confirmed in its second estimate on Friday.

Matolcsy calls for economic policy turnaround

Central bank governor Gyorgy Matolcsy called for a complete turnaround in Hungary's economic policy at the 62nd Itinerant Conference of Economists in Nyiregyhaza (NE Hungary) on Thursday. He argued that a loss of economic policy direction between 2021 and 2024 has undermined the achievements ...