Economy

Retail sales in Hungary rose 3.3pc year-on-year in July, data released by the Central Statistics Office (KSH) on Thursday show.

Hungary had a EUR 203m trade surplus in July, narrowing from EUR 1.124bn in June, a first reading of data released by the Central Statistics Office (KSH) on Thursday shows.

Families are playing an increasing role in financing state debt, with over 100,000 treasury accounts opened and HUF 115bn worth of securities purchased in nine months, Finance Minister Mihaly Varga said on Facebook on Tuesday.

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 47.6 points in August, slipping from 48.8 points in July, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.

Hungary's trade balance in June posted a surplus of 1.1 billion euros, deteriorating by 411 million euros from the previous year, the Central Statistical Office (KSH) said in a second reading of data on Monday.

The average gross wage in Hungary increased by an annual 13.3 percent to 642,000 forints (EUR 1,630) in June, the Central Statistical Office (KSH) said on Monday.

The number of economically active people in Hungary in the 15-74 age group went up by 20,000 to 4,765,000 year-on-year in July while the jobless rate stood at 4.2 percent last month, the Central Statistical Office (KSH) said on Friday.

Investment volume in Hungary fell by an annual 16.8 percent in the second quarter, dropping at a faster pace than in the previous quarter, the Central Statistical Office (KSH) said on Thursday.

Output of Hungary's construction sector fell by an annual 1.4 percent in June, the Central Statistical Office (KSH) said on Thursday.

Output of Hungary's industrial sector fell by an annual 8.2 percent in June, the Central Statistical Office (KSH) said in a second reading of the data on Wednesday.