Economy

The volume of industrial production lagged behind the one year earlier level by 8.7% in February 2025, based on working-day adjusted data, declined by 8.0%. Production dropped in every manufacturing subsection, at the highest rate in the manufacture of electrical equipment. According to seasonally ...

Consumer prices were 4.7% higher on average in March 2025 than a year earlier. Compared to February, prices were unchanged on average.

In February 2025, the volume of retail trade was 0.2% lower in raw data, or 3.3% higher in calendar (and leap-year effects) adjusted terms, than in the same month of the previous year. Compared to the same period of the previous year, calendar-adjusted sale ...

Minister Nagy said his ministry put GDP growth at 2.5% for 2025 and 4.1% for 2026.

According to preliminary data the deficit of the general government sector was HUF 4 002 billion in 2024, 4.9% of GDP. The balance improved year-on-year by HUF 1 097 billion, close to 1.8 percentage points as a proportion of GDP.

The volume of export lessened by 13%, that of import slightly, by 0.5% in January 2025, compared to the same period of the previous year. The surplus was EUR 1.1 billion, the balance worsened by EUR 599 million, year-on-year. The seasonally and working day ...

Full-time employees’ average gross earnings were HUF 668,100 and average net earnings with tax benefits reached HUF 459,000 in January 2025. Average gross earnings grew by 10.4%, net earnings increased by 10.2% and real earnings were 4.6% higher than a year earlier. Median gross ...

Industrial producer prices were 8.2% higher on average in February 2025 than one year earlier. Domestic output prices were 5.4% and non-domestic output prices 9.6% higher than in February in the previous year. The price rise was primarily caused by the annual weakening of ...

The ministry said in response to the EC’s Debt Sustainability Monitor report that the government is committed to fiscal discipline, including reducing public debt.

In February 2025, 1.0 million guests spent 2.3 million tourism nights at tourist (commercial, private and other) accommodation establishments. The number of tourist arrivals was 14% and that of tourism nights 3.9% higher than a year earlier. In January-February 2025, the number of nights ...