Economy

The deficit of the general government sector in the third quarter was HUF 621 billion, or 3.0% of GDP. The balance is HUF 133 billion, or 0.9 percentage point more favourable than a year earlier.

The volume of export lessened by 0.3% and that of import surpassed the same period of the previous year’s level by 1.4%. The surplus was EUR 1.0 billion, the balance deteriorated by EUR 53 million, year-on-year. The adjusted volume of export lagged behind the ...

The Monetary Council of the Hungarian National Bank (MNB) left the key interest rate unchanged at 6.5% this Tuesday. It is still too early to celebrate a victory in the fight against inflation.

In Q3, the highest increases in hourly wage costs for the whole economy were recorded in Romania (+17.1pc), Croatia (+15.1pc), and Hungary (+14.1pc).

One million Hungarians have subscribed to government bonds with the Treasury, reaching a historic mark.

Construction output volume, based on raw data, lagged behind the previous year’s level by 0.5% in October 2024. Out of the main groups of construction the construction of buildings lessened by 5.7%, that of civil engineering increased by 7.5%. Based on seasonally and working ...

The volume of industrial production lagged behind in October 2024 by 0.2% based on working-day adjusted data by 3.1%, compared to the one year earlier level. Production expanded in the majority of the manufacturing subsections, with the largest growth in the manufacture of computer, ...

A representative study commissioned by CIB Bank shows that only a quarter of Hungarians are able to put money aside on a regular basis.

The average annual premium for compulsory motor third party liability insurance (KGFB) has risen by 10% compared to last autumn.

The National Economy Ministry said in a statement that the Fitch action shows the underlying fundamentals of the Hungarian economy are stable.