Economy

The government has overcome obstacles to cutting inflation and reduced it to single digits ahead of time, Marton Nagy, the economic development minister, said on Friday, commenting on Central Statistical Office (KSH) data showing that Hungary's annual consumer price index fell to 9.9 percent ...

In September 2023, 1.4 million guests spent 3.4 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments), the Central Statistical Office said on Wednesday. The number of guests was 9.4% higher and that of tourism nights 5.8% higher than a ...

In September 2023, the volume of sales in retail trade decreased by 7.8% according to raw data and by 7.3% when adjusted for calendar effects compared to the same period of the previous year, the Central Statistical Office said on Wednesday. Calendar-adjusted sale volumes ...

The value of export declined by 5.1%, and that of import was 19% lower in EUR terms in September 2023 than in the same period of the previous year, the Central Statistical Office said on Wednesday. The balance of the external trade in goods ...

Hungarian industrial output in September fell by 7.3 percent year on year, after dropping 5.2 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.

Hungary's banking sector remains stable, which bolsters the country's resilience against crises, and the newly established MBH Investment Bank further strengthens competition, the finance minister said at the event marking the birth of the new bank.

The Hungarian government is committed to reducing the country's budget deficit and public debt, and supports measures aimed at more stringent financial management at the level of the European Union, the finance minister said on Monday.

In the first three quarters of 2023, 10,808 new dwellings were built, 21% fewer than a year earlier, data released by the Central Statistical Office (KSH) on Monday show. . The number of homes to be built based on issued dwelling construction permits and ...

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) rose to 50.5 points in October from 47.4 in September, climbing above the 50 point threshold that signals expansion in the manufacturing sector, Halpim, the compiler of the index, said on Thursday.

Hungary's trade surplus was 665 million euros in August and its trade balance improved by 2.3 billion euros compared with the same month last year, the Central Statistical Office (KSH) said in a second reading of data on Thursday.