Industrial production drops by double digits

The volume of industrial production declined in December 2023 by 13.7%, year-on-year. Based on working-day adjusted data production fell by 8.7%. Compared to crude data, the significant difference is due to the fact that there were two less working-days in this month than in ...

Inflation in January drops below 4 percent

Consumer prices were 3.8% higher on average in January 2024 than a year earlier. Compared to December, prices were up by 0.7% on average, however, clothing and footwear became 2.1% cheaper.

Budget posts surplus in January

Hungary's cash flow-based budget, excluding local councils, posted a surplus of 54.4 billion forints (EUR 140.3m) at the end of January, the finance ministry said on Thursday, citing preliminary data.

Retail sales down 1 percent yr/yr in December

In December 2023, the volume of sales in retail trade decreased by 1.0% according to raw data and by 0.2% when adjusted for calendar effects compared to the same period of the previous year. Calendar-adjusted sale volumes increased by 1.3% in specialized and non-specialized ...

Trade balance improves, but remains in deficit

Hungary posted a trade deficit of 188 million euros in December with the balance of trade improving by 110 million euros, the Central Statistical Office (KSH) said in a first reading of data on Monday.

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.