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.
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.
