
Retail sales fall 7.8 percent yr-on-yr, but increase 0.7 percent compared to the previous month
In June 2023, the volume of sales in retail trade – along with a significant base effect - decreased by 7.8% according to raw data and by 8.3% when adjusted for calendar effects compared to the same period of the previous year, the Central ...

Industrial output down 3.8 percent
Output of Hungary's industrial sector dropped by an annual 3.8 percent in June, 6.1 percent when adjusted for the number of workdays, the Central Statistical Office (KSH) said in the 1st reading of data on Friday.

Arrivals increase, nights spent slightly drops in June
In June, 1.6 million guests spent 4.0 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments), data released by the Central Statistical Office revealed. The number of guests was 3.8% higher and that of tourism nights 0.8% lower than a ...

Trade surplus widens to EUR 1.129 billion in May
Hungary's trade balance posted a 1.129 billion euro surplus in May, widening from 366 million in April, the Central Statistical Office (KSH) said in a second reading of data on Tuesday.

PPI at 6.4 percent in June
Factory gate prices in Hungary rose by an annual 6.4 percent in June, slowing from 11.2 percent in the previous month, the Central Statistical Office (KSH) said on Monday.

Home building permit issues plunge in H1
The number of home building permits issued in Hungary fell by 38.6 percent year-on-year to 10,880 in the first half, data released by the Central Statistical Office (KSH) on Monday show.

Jobless rate 3.8 percent in June
Hungary's jobless rate was 3.8 percent at the end of June, unchanged from the previous month, the Central Statistical Office (KSH) said on Friday.

Central bank keeps base interest rate on hold
Hungarian central bank (NBH) rate-setters kept the base rate unchanged at 13.0 percent at a regular policy meeting on Tuesday. At the same time, the Monetary Council decided to narrow the interest corridor further, the upper band lowered by 100 basis points to 17.5 ...

Nagy: Single-digit inflation, sustainable growth main goals
Hungary's biggest task is to reduce inflation to single digits, while growth must be restored and set on a sustainable path, the minister of economic development said at a European Union Competitiveness Council meeting held in Bilbao.

Gross wages up by 17.9 percent yr/yr in May
In May 2023 full-time employees’ average gross earnings were HUF 567,800 and average net earnings with tax benefits reached HUF 391,500. Average gross earnings grew by 17.9%, and average net earnings were 17.7% higher than a year earlier.