The volume of industrial production declined in July 2023 by 2.6%, year-on-year. Based on working-day adjusted data production fell by 2.5%. Production dropped in the majority of the manufacturing subsections, at the same time production volume grew in the largest weight carrying manufacture of transport equipment, and that of electrical equipment, the Central Statistical Office said in a second reading of July data. According to seasonally and working-day adjusted data industrial output was 2.8% higher than in June 2023.
Finance ministry: Budget ensures resources even during wartime
The budget ensures the resources necessary to maintain the regulated utilities price scheme for households, protect the security of the country, and defend family subsidies and pensions, even during wartime, the finance ministry said on Friday.
Finance Minister: Curbing inflation government’s top economic policy goal
Hungary's government, in agreement with the central bank, considers curbing inflation its most important economic policy goal, Finance Minister Mihaly Varga said on Thursday.
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Finance Minister: Fiscal policy proposal by Brussels unacceptable to Hungary
Brussels' proposal to determine fiscal policy for European Union member states is unacceptable to the Hungarian government, the finance minister said on Friday on the sidelines of an informal meeting of his EU counterparts in Santiago de Compostela, Spain.
July construction output up 3.4 percent yr/yr
Output of Hungary's construction sector grew by an annual 3.4 percent in July, after contracting for seven months, the Central Statistical Office (KSH) said on Friday.
Inflation slows, but still in double digits
Annual inflation in Hungary was 16.4 percent in August, the Central Statistical Office (KSH) said on Friday. Food prices were 19.5 percent higher in August, down from 23.1 percent in the previous month, while household energy prices increased by 34.7 percent. In July, annual ...
Trade surplus narrows to EUR 697 million in July
Hungary's trade surplus was 697 million euros in July, down from 1.568 billion euros in June, the Central Statistical Office (KSH) said in a first reading of data on Friday.
Industrial output down 2.6 percent in July
Output of Hungary's industrial sector dropped by an annual 2.6 percent in July, the Central Statistical Office (KSH) said in a first reading of data on Thursday.
Retail sales down by 7.7 percent in July
In July 2023, the volume of sales in retail trade decreased by 7.7 percent according to raw data and by 7.6 percent when adjusted for calendar effects compared to the same period of the previous year, the Central Statistical Office said. The yr-on-yr drop ...
Guest nights edge down in July on drop in domestic tourism
Guest nights at commercial and private tourism accommodations in Hungary slipped by 1.0 percent to 6,440,000 in July from the same period a year earlier on a decline in bookings by domestic travellers, data released by the Central Statistical Office (KSH) on Monday show.
Moody’s affirms Hungary investment grade rating
Moody's has affirmed Hungary's investment grade rating in spite of the crisis caused by the war and sanctions, the Finance Ministry told MTI late Friday.
Most read articles Economy
Industrial output down 2.6 percent in July
Output of Hungary's industrial sector dropped by an annual 2.6 percent in July, the Central Statistical Office (KSH) said in a first reading of data on Thursday.
Moody’s affirms Hungary investment grade rating
Moody's has affirmed Hungary's investment grade rating in spite of the crisis caused by the war and sanctions, the Finance Ministry told MTI late Friday.
Inflation slows, but still in double digits
Annual inflation in Hungary was 16.4 percent in August, the Central Statistical Office (KSH) said on Friday. Food prices were 19.5 percent higher in August, down from 23.1 percent in the previous month, while household energy prices increased by 34.7 percent. In July, annual ...
Most commented articles Economy
Hungary Q3 GDP up 11.3 pc from previous quarter, down 4.6 pc yr/yr
Hungary's economy shrank by 4.6 percent in the third quarter, according unadjusted data, the Central Statistical Office (KSH) said. GDP fell by 4.7 percent in Q3 based on seasonally and calendar-adjusted data.
Retail sales fall 3.2 percent in December, edge down 0.2 percent for year
Retail sales in Hungary fell by annual 3.2 percent in December, the Central Statistical Office (KSH) said.
Retail sales down 5.9 percent
Retail sales fell by an annual 5.6 percent in February, according to unadjusted data, the Central Statistical Office (KSH) said on Friday. Based on calendar-year adjusted data, sales were down 5.9 percent February.
