Industrial production continues to lag
The volume of industrial production lagged behind the one year earlier level by 2.6% in May 2024. The working day adjusted index is equal to the non-adjusted one. Setbacks were measured in the great majority of manufacturing subsections, at the same time, production volume ...
Construction turnaround continues
Construction output volume, based on raw data, was above the previous year’s level by 3.6% and by 5.5% based on calendar-adjusted index in May 2025. Among the main construction groups the construction of buildings lessened by 9.3%, that of civil engineering grew by 26.0%. ...
Inflation continues to edge up
Consumer prices were 4.6% higher on average in June 2025 than a year earlier. Compared to May, prices were 0.1% higher on average.
Retail sales up slightly
In May 2025, the volume of retail trade in both raw and calendar-adjusted data was 2.1% higher than in the same month of the previous year. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 0.5% in specialized and ...
Industrial production continues to decline
The volume of industrial production in May lagged behind the one year earlier level by 2.6%. The working day adjusted index is equal to the non-adjusted one. According to seasonally and working-day adjusted data, industrial output was 1.3% lower than in April 2025.
Government remains committed to reducing budget deficit and cutting state debt
The government has renamed a "Defense Reserves" item in the 2026 budget to the "Economic Development Framework" and will activate it.
Export balance deteriorates
The surplus of the external trade in goods was EUR 739 million in May, the balance deteriorated by EUR 281 million, year-on-year; compared to the same period of the previous year, the export volume grew by 3.2%, that of import by 5.4%.
The deficit in proportion of the GDP was 3.9% in the first quarter
According to preliminary data the deficit of the general government sector in the 1st quarter of 2025 was HUF 824 billion, 3.9% of GDP. The balance improved by HUF 234 billion, or by 1.4 percentage points as a proportion of GDP compared to the ...
Industrial producer prices drop slightly from April to May
Industrial producer prices were 6.9% higher on average in May 2025 than one year earlier. Domestic output prices were 3.9% and non-domestic output prices 8.3% higher than in May in the previous year. The price rise was primarily caused by the annual weakening of ...
Number of employed hits two-year low
In May 2025, the average number of employed persons aged 15–74 was 4 million 669 thousand. The number of unemployed persons was 210 thousand and the unemployment rate 4.3%.
