Economy

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.

Hungary posted a March trade surplus of 886 million euros, the Central Statistical Office (KSH) said in a second reading of data on Thursday.

Hungary's seasonally adjusted Purchasing Managers Index (PMI) fell to 57.1 points in May from 61.9 in April, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Thursday.

Factory gate prices in Hungary grew by an annual 15.9 percent in April, the Central Statistical Office (KSH) said on Wednesday.

Hungary's trade of services posted a 2.375 billion euro surplus in the first quarter, the Central Statistical Office (KSH) said on Wednesday.

Investment volume in Hungary fell by an annual 2.8 percent in the first quarter, the Central Statistical Office (KSH) said on Tuesday.