Economy

Industrial prices in Hungary dropped by an annual 3.0 percent in March, falling for the eighth month in a row after rising for years, the Central Statistical Office (KSH) said on Tuesday.

Confidence in Hungary is unceasing, the National Economy Ministry said on Friday, after S+P Global Ratings affirmed the country's investment-grade sovereign rating.

Hungary's jobless rate was 4.4 percent in March, down from 4.6 percent in February, the Central Statistical Office (KSH) said on Friday.

The average gross wage in Hungary rose by an annual 14.0 percent to 605,400 forints (EUR 1540) in February, the Central Statistical Office (KSH) said on Wednesday.

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75 percent at a regular policy meeting on Tuesday.

The International Monetary Fund (IMF) forecasts the Hungarian economy returning to growth this year and taking its place in the vanguard of the EU's growth performers next year, Mihaly Varga, the finance minister, said on Tuesday, adding that the IMF prognosis echoes that of ...

Hungary's cash flow-based budget, excluding local councils, posted a deficit of 2,321.4 billion forints (EUR 5.882bn) at the end of March, the finance ministry confirmed in a detailed release of data on Monday.

The International Monetary Fund (IMF) projected Hungary's GDP would grow by 2.2 percent this year in its latest World Economic Outlook released on Tuesday.

More and more people in Hungary are willing to work, and the number of economically inactive people is down in just about every age group, Marton Nagy, the national economy minister, said on Saturday.

Headline industrial output rose by 1.8 percent in February 2024 compared with the same period last year, the Central Statistical Office said in a second reading of data on Friday.