Finance Minister: Curbing inflation government’s top economic policy goal
Hungary's government, in agreement with the central bank, considers curbing inflation its most important economic policy goal, Finance Minister Mihaly Varga said on Thursday.
Finance Minister: Fiscal policy proposal by Brussels unacceptable to Hungary
Brussels' proposal to determine fiscal policy for European Union member states is unacceptable to the Hungarian government, the finance minister said on Friday on the sidelines of an informal meeting of his EU counterparts in Santiago de Compostela, Spain.
July construction output up 3.4 percent yr/yr
Output of Hungary's construction sector grew by an annual 3.4 percent in July, after contracting for seven months, the Central Statistical Office (KSH) said on Friday.
Transport equipment manufacturing grows 14.4 percent in July
The volume of industrial production declined in July 2023 by 2.6%, year-on-year. Based on working-day adjusted data production fell by 2.5%. Production dropped in the majority of the manufacturing subsections, at the same time production volume grew in the largest weight carrying manufacture of ...
Inflation slows, but still in double digits
Annual inflation in Hungary was 16.4 percent in August, the Central Statistical Office (KSH) said on Friday. Food prices were 19.5 percent higher in August, down from 23.1 percent in the previous month, while household energy prices increased by 34.7 percent. In July, annual ...
Trade surplus narrows to EUR 697 million in July
Hungary's trade surplus was 697 million euros in July, down from 1.568 billion euros in June, the Central Statistical Office (KSH) said in a first reading of data on Friday.
Industrial output down 2.6 percent in July
Output of Hungary's industrial sector dropped by an annual 2.6 percent in July, the Central Statistical Office (KSH) said in a first reading of data on Thursday.
Retail sales down by 7.7 percent in July
In July 2023, the volume of sales in retail trade decreased by 7.7 percent according to raw data and by 7.6 percent when adjusted for calendar effects compared to the same period of the previous year, the Central Statistical Office said. The yr-on-yr drop ...
Guest nights edge down in July on drop in domestic tourism
Guest nights at commercial and private tourism accommodations in Hungary slipped by 1.0 percent to 6,440,000 in July from the same period a year earlier on a decline in bookings by domestic travellers, data released by the Central Statistical Office (KSH) on Monday show.
Moody’s affirms Hungary investment grade rating
Moody's has affirmed Hungary's investment grade rating in spite of the crisis caused by the war and sanctions, the Finance Ministry told MTI late Friday.
