Industrial output down 3.2 percent, automotive and electrical output up in October
The volume of industrial production declined in October 2023 by 3.2%. Based on working-day adjusted data, production went down by 2.8%. Falls were measured in the majority of manufacturing subsections, at the same time, the volume of production grew in the manufacture of transport ...
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.
Finance Minister: Ecofin approves release of EU funds to Hungary
European Union finance ministers have approved Hungary's amended Recovery and Resilience Facility (RRF) plan, clearing another obstacle to the release of funds Hungary is entitled to, the finance minister said in Brussels on Friday.
Finance ministry: Government to curb deficit, debt despite higher expenses
The government is working to ensure budget resources to preserve the value of pensions, maintain family subsidies and the utility price cut scheme, despite the significant pressure due to the war in Ukraine, the energy crisis resulting from sanctions and the high-risk global economic ...
Consumer price increase continues to slow in November
Consumer prices were 7.9% higher on average in November 2023 than a year earlier. Compared to October, the prices were unchanged on average, however, motor fuels became 3.6% cheaper.
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.
Finance Minister to veto any measure that would put public debt, deficit at risk
Finance Minister Mihaly Varga has pledged to veto any measure considered by the budget preparatory working group that may compromise the public debt or budget deficit.
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.