In July the volume of export decreased by 5.6% and that of import by 4.5% compared to the same period of the previous year. The surplus was EUR 443 million, the balance deteriorated by EUR 238 million year-on-year. Compared to July, the adjusted volume of export increased by 1.5% and that of import lessened by 0.1%.
State Secretary: Hungary’s labor market remains tight
Hungary has the eighth-lowest jobless rate in the European Union while it is among the top ten member states in terms of employment.
Industrial producer prices increase by 0.9 percent
Industrial producer prices were 0.9% higher on average in September 2024 than one year earlier. Domestic output prices lessened by 0.7%, while non-domestic output prices went up by 1.7%. Compared to the previous month, domestic output prices diminished by 0.2% and non-domestic output prices ...
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Q3 GDP drops on weak industrial data
The volume of Hungary’s gross domestic product was 0.8% lower according to raw data and 0.7% lower according to seasonally and calendar adjusted and reconciled data in the 3rd quarter of 2024 than the value in the corresponding period of the previous year.
Number of tourist arrivals by 2 percent
In September 2024, 1.5 million guests spent nearly 3.6 million tourism nights at tourist (commercial, private and other) accommodation establishments1. The number of arrivals was 2.0% and tourism nights 1.1% higher than a year earlier. The number of nights spent by domestic guests fell ...
Hourly wage over HUF 2,000
Trenkwalder's latest survey shows a noticeable increase in hourly wages for skilled and semi-skilled workers in Hungary.
Employers on minimum wage: In principle yes, but…
The employers' association MGYOSZ has now also declared its agreement in principle to the government's desire to raise the minimum wage to 50% of “regular gross pay”.
S+P affirms Hungary’s investment grade rating
S+P Global Ratings affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Hungary.
Orbán discusses government’s New Economic Policy Action Plan with MKIK head
The prime minister said the action plan aimed to boost purchasing power, ensure affordable housing and scale up SMEs with the launch of the Demjan Sandor Programme.
Number of vacant industrial properties on the rise
The nationwide stock of modern industrial and logistics properties reached 5.3 million sqm at the end of the third quarter, with new additions in the capital region and regional markets.
Unemployment rate at 4.5 percent
In September 2024, the average number of employed persons aged 15–74 decreased by 32 thousand to 4 million 699 thousand compared to the same period of the previous year. The historically high level of employment in September last year played a significant role in ...
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Home prices increase 6.7 percent in September
Prices of homes in Budapest averaged HUF 1,070,000/sqm at the start of October but were as high as HUF 1,730,000/sqm in central District V.
Retail sales up by 4.1 percent
In August 2024, the volume of sales in retail trade increased by 3.2% according to raw data and by 4.1% when adjusted for calendar effects compared to the same period of the previous year. Calendar-adjusted sale volumes grew by 7.5% in specialized and non-specialized ...
Prices decrease from August to September
Consumer prices were 3.0% higher on average in September 2024 than a year earlier. Over one month, they decreased by 0.1% on average, within which motor fuels became 3.7% cheaper, the Central Statistical Office said.
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Construction sector output flat in October
Output of Hungary's construction sector in October edged up an annual 0.1 percent, after falling by 6.0 percent in the previous month, the Central Statistical Office (KSH) said on Friday.
Finance Minister: Budapest mayor’s refusal to pay city’s taxes ‘unprecedented’
Finance Minister Mihaly Varga, in an interview with the online edition of business daily Vilaggazdasag, said it was "unprecedented" that while Budapest residents and businesses meet their tax obligations, the city's mayor "ignores them".
Finance Minister: Budget must adapt to economic environment
Mihaly Varga, the finance minister, has said Hungary's economy is expected to grow by 3-4 percent this year, and tax policy would underpin growth.