Economy

Consumer prices in Hungary rose by an annual 20.1 percent in June, data released by the Central Statistical Office (KSH) on Friday show. The CPI fell for the fifth month in a row after peaking at 25.7 percent in January.

Hungary's parliament approved the government's 2024 budget in a final vote on Friday. It was passed with 121 votes in favour and 44 against. Opposition parties called the budget unviable.

Retail sales in Hungary fell by an annual 12.3 percent in May when adjusted for calendar year effects, the Central Statistical Office (KSH) said on Thursday.

Output of Hungary's industrial sector fell by 6.9 percent year-on-year in May, after a 8.3 drop in the previous month, data released by the Central Statistical Office (KSH) on Thursday show.

Despite a difficult economic situation in Europe and in Hungary the government will implement further tax cuts next year under the tax laws adopted by parliament on Tuesday, the finance ministry told MTI.

Hungary's exports totalled over 50 billion euros in the first four months, an all-time record following a 12 percent increase from the record set last year, Foreign Minister Peter Szijjarto said on Tuesday.

Guest nights spent in commercial and private tourism accommodation in Hungary were 3.8 percent up in May year on year, the Central Statistics Office (KSH) said on Tuesday.

Hungary's government sector had a 1,728 billion forint deficit in the first quarter, equivalent to 9.8 percent of GDP, according to preliminary data released by the Central Statistical Office (KSH) on Tuesday.

Hungary's trade surplus was at 366 million euros in April, narrowing from 886 million in March, the Central Statistical Office (KSH) said on Monday.

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 44.2 points in June from 57.1 in May, dropping under the 50-point threshold that signals expansion in the manufacturing sector, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.