Economy

Hungary's seasonally-adjusted Purchasing Managers Index (PMI) fell to 49.6 points in September from 57.8 in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.

Hungary had a 1.298 billion euro trade deficit in July, the Central Statistical Office(KSH) said in a second reading of data on Monday.

Hungary's industrial producer price index grew by an annual 43.4 percent in August, picking up from a 37.9 percent increase in the previous month, the Central Statistical Office (KSH) said on Friday.

Hungary's central bank has said it expects inflation will continue rising in the remainder of the year, though from October its upward pace will start gradually easing.

Hungarian central bank rate-setters on Tuesday raised the base rate by 125 basis points to 13 percent. The rise followed a 100 bp hike at the policy meeting in August.

Output of Hungary's automotive industry rose by 13 percent to 6,600 billion forints (EUR 16.2bn) in the first seven months of the year, the minister of foreign affairs and trade said on Tuesday, adding that there was a "realistic chance" that the sector's output ...

The average gross wage of full-time employees in Hungary grew by an annual 15.3 percent in July, amounting to 500,000 forints (EUR 1,230), the Central Statistical Office said on Friday.

Hungary's jobless rate was at 3.6 percent in August, edging up from 3.5 percent in the previous month but down from 4.0 percent twelve months earlier, the Central Statistical Office (KSH) said on Thursday. The rate covers unemployment among people between the ages of ...

The European Union has not cut any funds from Hungary up to now, and there is no such danger under the European Commission's Sunday decision, the justice minister said in Brussels on Tuesday.