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.

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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 ...

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.

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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 ...

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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.