Economy

Hungary had a 2.69 billion euro surplus in trade of services in the third quarter, widening from 2.116 billion in the previous quarter, the Central Statistical Office (KSH) said on Wednesday.

Hungary's industrial producer price index rose by an annual 41.7 percent in October, slowing down from a 42.7 percent increase in the previous month, the Central Statistical Office (KSH) said on Wednesday.

The government's action plan introduced "to counterbalance Brussels's ill-advised sanctions" has stood the test and managed to save jobs, the minister of economic development said on Tuesday, referring to the latest monthly report by the National Employment Service (NFSz).

The opposition Socialist Party says it expects debt financing to be one of the biggest risk areas of the 2023 fiscal year, and that they hope the government was going into next year with a "comprehensible budget".

Investment volume in Hungary rose by an annual 7.7 percent in the third quarter, edging down from a 7.8 percent annual increase in Q2, the Central Statistical Office (KSH) said on Monday.

Hungary's jobless rate was 3.6 percent in October, edging down from 3.8 percent in the previous month and from 3.9 percent twelve months earlier, the Central Statistical Office (KSH) said on Friday.

Real wages in Hungary fell by an annual 1.9 percent in September, as double-digit nominal wage growth couldn't keep up with a CPI that edged over 20 percent, the Central Statistical Office (KSH) said on Thursday.

The National Bank of Hungary (NBH) said the local banking sector's "significant" capital position and liquidity reserves would remain "robust" even in the case of a crisis more severe than the current forecasts, in a report published on Thursday.

The budget ran a 101.3 billion forint (EUR 248.3m) surplus in October, the finance ministry confirmed in a detailed reading of data released on Wednesday.

Monetary policy must remain stringent until risks decline across the board, and so the 13 percent base rate and the 18 percent overnight rate will remain in place in the longer term, Barnabas Virag, deputy governor of the National Bank of Hungary (NBH), told ...