Average gross earnings increase 16 percent yr-on-yr
In June 2023 full-time employees’ average gross earnings were HUF 566,800 and average net earnings with tax benefits reached HUF 390,900. Average gross earnings grew by 16.0%, and average net earnings were 15.9% higher than a year earlier.
Hungary public debt 75 percent of GDP in Q2
Hungary's public debt in proportion to GDP was 75 percent at the end of the second quarter, marginally higher than 74.9 percent at the end of Q1, according to preliminary data released by the National Bank of Hungary (NBH) on Friday.
GDP contracts by 2.4 percent in Q2
Hungary's economy contracted by an annual 2.4 percent in the second quarter, a first reading of data released by the Central Statistical Office (KSH) on Wednesday shows. The data comes as a surprise, as the majority of experts expected yr-on-yr expansion in the second ...
Construction output contracts at slower pace in June
Output of Hungary's construction sector dropped by 3.8 percent year on year in June, the Central Statistical Office (KSH) said on Tuesday.
Industrial output in June falls 3.8 percent
Industrial output in Hungary fell by an annual 3.8 percent in June after dropping 6.7 percent in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Spokeswoman: Government measures halve food inflation
Measures the government has rolled out have cut food price inflation by half from the earlier peak, government spokeswoman Alexandra Szentkiralyi said on public radio on Sunday.
Annual inflation falls to 17.6 percent in July
Consumer prices in Hungary grew by an annual 17.6 percent in July, the Central Statistical Office (KSH) said on Tuesday. Inflation fell for the sixth month in a row after peaking at 25.7 percent in January.
Trade surplus widens to EUR 1.481 billion in June
Hungary's trade surplus widened to 1.481 billion euros in June from 1.129 billion in May, the Central Statistical Office (KSH) said in a first reading of data on Tuesday.
Foreign visitors generate one-fourth of Balaton tourism turnover
Foreign visitors account for a little more than one-fourth of guest nights at destinations around Lake Balaton this summer, the Hungarian Tourism Agency (MTU) said on Friday.
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 ...
