GDP flat in Q4, contracts by 0.9 percent in 2023
Hungary's GDP stagnated in the fourth quarter and contracted by 0.9 percent for the full year, the Central Statistical Office (KSH) said in a first reading of data on Wednesday. Adjusted for calendar year effects, GDP rose by an annual 0.4 percent in Q4. ...
Construction sector output down 4.3 percent in December
Output of Hungary's construction sector in December last year dropped by an annual 4.3 percent, the Central Statistical Office (KSH) said on Wednesday.
Economy Minister: Government to announce schemes aimed at business development, boosting activity rate
Hungary's government will next week announce a business development scheme and one aimed at boosting the labour market activity rate, Economy Minister Marton Nagy said on Tuesday.
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.
Economy minister calls on fuel industry insiders to keep prices ‘competitive’
Minister for National Economy Marton Nagy has called on vehicle fuel sellers to comply with an earlier commitment to keep price levels "competitive in regional comparison", his ministry said on Wednesday.
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 ...
Industrial output down 13.7 percent in December
Industrial output in Hungary was an annual 13.7 percent lower in December 2023, the Central Statistical Office (KSH) said on Tuesday, reporting its first estimate.
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.
