Economy

Hungary's central bank has said it expects a decline in inflation to become "increasingly pronounced" in the second half of 2023 owing to both internal and external factors.

Hungary had a 923 million euro trade deficit in October, a second reading of data released by the Central Statistical Office (KSH) on Thursday shows.

Hungarian rate-setters on Tuesday left the base rate unchanged at 13 percent. The Monetary Council also decided at its policy meeting to keep the central bank's interest rate corridor unchanged.

The confidence of German investors in the Hungarian economy is unbroken, according to the Hungarian Investment Promotion Agency (HIPA) and the German-Hungarian Chamber of Industry and Commerce (DUIHK), the ministry of foreign affairs and trade said on Friday.

Hungarian industrial output grew by an annual 5.9 percent in October, the Central Statistical Office (KSH) said in a second reading of data on Wednesday.

Consumer prices in Hungary rose by an annual 22.5 percent in November, accelerating from a 21.1 percent increase in the previous month on higher household energy and food prices, the Central Statistical Office (KSH) said on Thursday.

Hungary's cash flow-based budget, excluding local councils, had a 3,466.4 billion forint (EUR 8.4bn) deficit at the end of November, the finance ministry said in a preliminary release of data on Thursday.

Hungarian industrial output grew by an annual 5.9 percent in October, the Central Statistical Office (KSH) said on Tuesday. Adjusted for the number of working days, output increased by 5.1 percent.

Most estate agents in a recent survey said they expect the price of existing properties to fall, according to a report released on Tuesday.

Guest nights spent in commercial accommodations in Hungary eased by an annual 0.2 percent to 2.1 million in October, the Central Statistical Office (KSH) said on Monday.