Economy

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 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 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.

Hungary's seasonally adjusted Purchasing Managers Index (PMI) rose to 46.5 points in August from 45.9 in July, remaining under the 50 point threshold that signals expansion in the manufacturing sector, Halpim, the compiler of the index, said on Friday.

Hungary's economy contracted by an annual 2.4 percent in the second quarter, the second reading of data released by the Central Statistical Office (KSH) on Friday shows.

Hungarian industrial producer prices rose by an annual 1.3 percent in July, slowing from a 6.4 percent increase in the previous month, the Central Statistical Office (KSH) said on Thursday.

Investment volume in Hungary fell by an annual 13.5 percent in the second quarter, the Central Statistical Office (KSH) said on Thursday.

The number of registered jobseekers was only 228,504 in Hungary in August in spite of the challenging economic situation, the state secretary for employment policy said, citing figures from the National Employment Service (NFSz), on Wednesday.

Hungary's trade of services posted a 2.729 billion euro surplus in the second quarter, the Central Statistical Office (KSH) said on Wednesday.

Hungarian central bank (NBH) rate-setters kept the base rate unchanged at 13.0 percent at a regular policy meeting on Tuesday.