Economy

Output of Hungary's construction sector rose by an annual 12.3 percent in November, the Central Statistical Office (KSH) said on Friday.

Hungary's economy is forecast to grow by 5 percent this year, according to the World Bank, which raised its June projection of 4.7 percent.

Guest nights at commercial accommodations in Hungary rose by an annual 292.1 percent to 1,266,000 in November from a low base impacted by travel restrictions during the third wave of the coronavirus pandemic, the Central Statistical Office (KSH) said on Tuesday.

Hungary's trade balance returned to a surplus in November, a first reading of data by the Central Statistical Office (KSH) on Monday shows.

Hungary's government is running a disciplined, tight budget, Mihaly Varga, the finance minister, said in an interview to public radio on Sunday, noting that it boosted reserves at the end of last year and rescheduled investments this year.

Retail sales in Hungary rose by an annual 3.8 percent in November, the Central Statistical Office (KSH) said on Friday. The increase slowed from 5.7 percent in the previous month.

Hungary's industrial output went up by an annual 2.6 percent in November, rising again after two straight months of decline, a first reading of data released by the Central Statistical Office (KSH) on Friday shows.

Factory gate prices in Hungary rose by an annual 21.6 percent in November, accelerating from an 18.5 percent increase in the previous month, the Central Statistical Office (KSH) said on Thursday.

Hungary's jobless rate was 3.7 percent in November, down from 3.9 percent in October, the Central Statistical Office (KSH) said on Wednesday. The rate covers unemployment among people between the ages of 15 and 74.

Year-on-year wage growth in Hungary slowed to 8.5 percent in October from 9.1 percent in the previous month, data released by the Central Statistical Office (KSH) on Tuesday show.