The Budapest Times

Economy

Inflation slows, but still in double digits
Written by BT/MTI
Annual inflation in Hungary was 16.4 percent in August, the Central Statistical Office (KSH) said on Friday. Food prices were 19.5 percent higher in August, down from 23.1 percent in the previous month, while household energy prices increased by 34.7 percent. In July, annual ...

Retail sales down by 7.7 percent in July
Written by BT/MTI
In July 2023, the volume of sales in retail trade decreased by 7.7 percent according to raw data and by 7.6 percent when adjusted for calendar effects compared to the same period of the previous year, the Central Statistical Office said. The yr-on-yr drop ...

Guest nights edge down in July on drop in domestic tourism
Written by BT/MTI
Guest nights at commercial and private tourism accommodations in Hungary slipped by 1.0 percent to 6,440,000 in July from the same period a year earlier on a decline in bookings by domestic travellers, data released by the Central Statistical Office (KSH) on Monday show.

PMI up at 46.5 in August
Written by BT/MTI
Hungary's seasonally adjusted Purchasing Managers Index (PMI) rose to 46.5 points in August from 45.9 in July, remaining under the 50 point threshold that signals expansion in the manufacturing sector, Halpim, the compiler of the index, said on Friday.

GDP down 2.4 pc in Q2, second reading says
Written by BT/MTI
Hungary's economy contracted by an annual 2.4 percent in the second quarter, the second reading of data released by the Central Statistical Office (KSH) on Friday shows.

PPI up 1.3 percent in July
Written by BT/MTI
Hungarian industrial producer prices rose by an annual 1.3 percent in July, slowing from a 6.4 percent increase in the previous month, the Central Statistical Office (KSH) said on Thursday.