Hungary PMI edges under 50-point mark in January
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) slipped to 49.9 points in January from 51.0 in December, a hair under the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday.
Trade surplus EUR 1.6 billion in November
Hungary posted a trade surplus of 1.6 billion euros in November, up 3.0 billion euros year-on-year, the Central Statistical Office (KSH) said in a second reading of the data on Thursday.
Industrial producer prices down 7.2 percent in December
Factory gate prices in Hungary dropped by an annual 7.2 percent in December, falling for the fifth month in a row after rising for years, the Central Statistical Office (KSH) said on Wednesday.
Mi Hazank urges lending reform
The opposition Mi Hazank movement has urged the reform of domestic lending rules, arguing that adjustable-rate loans should be reduced drastically since variable repayments imperiled borrowers.
Central bank cuts base rate by 75 basis points
Hungarian central bank (NBH) rate-setters cut the base rate by 75 basis points, to 10.00 percent, at a regular policy meeting on Tuesday.
Banks agree to voluntary plan to boost corporate lending
The economy ministry has said domestic banks have agreed on a voluntary scheme to boost lending to companies, using the BUBOR rate as the benchmark for lending rather than the earlier planned Treasury bill yields. The deal aims to reduce borrowing costs with a ...
Finance Minister: Strict fiscal policy needed to push average inflation below 5 percent
The government's strict fiscal policy should be continued to push average annual inflation below 5 percent, the finance minister told a conference on Saturday.
Jobless rate 4.2 percent, employment rate up
Hungary's jobless rate was 4.2 percent in December, level with November, the Central Statistical Office (KSH) said on Friday. The December rate for 15-74-year-olds was higher than 3.8 percent twelve months earlier. Fully 207,300 people were unemployed, 23,800 more than in the same month ...
Finance Minister: Budget deficit below 3 percent likely by 2025
A budget deficit below 3 percent of GDP can be achieved by 2025, halving from last year's 6 percent, Mihaly Varga, the finance minister, said in a radio interview on Thursday.
Gross, net wages up in November
Full-time employees’ average gross earnings were HUF 621,200 and average net earnings with tax benefits reached HUF 427,700 in November 2023. Average gross earnings grew by 14.1%, net earnings increased by 14.0% and real earnings were 5.7% higher than a year earlier. Median gross ...
