Economy

Output of Hungary's construction sector fell by an annual 3.2 percent in April, the Central Statistical Office (KSH) said on Wednesday.

Industrial output fell by an annual 8.3 percent in April, following a 4.1 percent decline in the previous month, a detailed release of data by the Central Statistical Office (KSH) on Wednesday shows.

Addressing the debate of the 2024 budget in parliament on Tuesday, Finance Minister Mihaly Varga qualified the budget as "a defence budget", saying that in times of war Hungary must guarantee its security, protect families, pensions, jobs and maintain low utility costs.

Consumer prices in Hungary rose by an annual 21.5 percent in May, the Central Statistical Office (KSH) said on Thursday.

Hungary posted a trade surplus of 308 million euros in April, the Central Statistical Office (KSH) said in a first reading of data on Thursday.

Output of Hungary's industrial sector fell by 8.3 percent year-on-year in April, after a 4.1 drop in the previous month, data released by the Central Statistical Office (KSH) on Wednesday show.

The OECD lowered its forecast of Hungary's GDP in 2023 to 0.0 percent in its biannual Economic Outlook published on Wednesday.

Retail sales in Hungary fell by an annual 12.6 percent in April, when adjusted for calendar year effects, the Central Statistical Office (KSH) said on Tuesday.

Prime Minister Viktor Orbán held talks with Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB), in his office on Monday, Orban's press chief said.

Guest nights at commercial accommodations in Hungary edged up by 1.2 percent to 2.9 million in April from the same period a year earlier, the Central Statistical Office (KSH) said on Thursday.