S+P affirms Hungary investment grade rating

S+P Global Ratings has affirmed Hungary's investment grade rating in spite of the war and the energy crisis caused by sanctions policies, the Finance Ministry said on Friday.

External trade surplus EUR 1 billion in October

The value of export increased by 1.2%, while that of import was 13% lower in EUR terms in October 2023 than in the same period of the previous year. The balance of the external trade in goods improved by EUR 2.0 billion. Compared to ...

Farm sector output up 6.5 percent y/y in 2023

Output of Hungary's farm sector rose by 6.5 percent to 4,334 billion forints (EUR 11.4bn) in 2023 as volume climbed and prices fell, a first estimate released by the Central Statistical Office (KSH) on Thursday shows.

Retail sales down 6.5 percent in October

In October 2023, the volume of retail trade in both raw and calendar-adjusted data was 6.5% lower than in the same month of the previous year. Calendar-adjusted sale volumes decreased by 1.9% in specialized and non-specialized food shops, by 5.1% in non-food retailing and ...

Industrial output down 3.2 percent in October

The volume of industrial production dropped in October 2023 by 3.2% year-on-year. Based on working-day adjusted data, production declined by 2.8%. According to seasonally and working-day adjusted data, industrial output was 0.6% lower than in September 2023.