Inflation eases to 4.6 percent in July
Hungarian inflation was an annual 4.6 percent in July, after 5.3 percent in June, the Central Statistical Office (KSH) said on Tuesday. CPI was driven by higher cigarette, spirits and vehicle fuel prices, with spirits and tobacco prices rising 11.1 percent, lifted by a ...
Guest nights jump in June on eased restrictions
The number of guest nights at commercial accommodations in Hungary rose by an annual 57.4 percent to 1,328,000 in June after pandemic-related restrictions were eased, data released by the Central Statistical Office (KSH) on Monday show.
Matolcsy warns of looming global economic crisis, urges structural changes in government
A new global economic crisis is increasingly likely and the government should start formulating a vision for catching up with the more prosperous EU member states over the coming decade, National Bank of Hungary (NBH) governor Gyorgy Matolcsy said on Monday.
Industrial output climbs 22.0 pc in June
Hungary's industrial sector increased by an annual 22.0 percent in June, albeit from a low base, the Central Statistical Office (KSH) said in a first reading of data on Friday.
Retail sales growth accelerates to 6.2 percent in June
Retail sales in Hungary grew by an annual 6.2 percent in June, increasing for the third month in a row after eight months of declines, the Central Statistical Office (KSH) said on Wednesday. Sales in June increased by an annual 5.8 percent, based on ...
Finance minister: Hungary’s high inflation rate ‘temporary’
Hungary's current high level of inflation is temporary and, as long as the central bank makes full use of the tools at its disposal, consumer prices may return to around 3 percent next year, Finance Minister Mihaly Varga said on Monday.
Matolcsy: Forint crucial to Hungary’s economic wellbeing
The forint has been crucial to Hungary's economic turnaround and management of the coronavirus crisis, Gyorgy Matolcsy, the governor of Hungary's central bank (NBH), said in an article published in the daily Magyar Nemzet.
PMI climbs to 55.6 in July
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 55.6 points in July from 55.0 in June, advancing further past the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.
Matolcsy: Switch to euro should be ‘safe, successful’
The National Bank of Hungary observes Hungary's 2004 commitment to introduce the European currency, but such a move should only be taken if it can be done "safely and successfully", NBH Governor Gyorgy Matolcsy said in an article published in the online edition of ...
OECD: Hungary showing signs of strong growth
Strong growth is returning to Hungary, according to a country report released by the OECD on Friday. Speaking at an online press conference presenting the Economic Survey of Hungary 2021, Alvaro Pereira, the OECD's director of country studies, said Hungary was showing signs of ...
