Economy

Hungary's seasonally adjusted Purchasing Managers Index (PMI) rose to 57.0 points in June from 51.9 in May, Halpim, the company that compiles the index, said on Friday.

Hungary's trade balance showed a 523 million euro deficit in April, the Central Statistical Office (KSH) said in a second reading of data released on Friday.

Inflation is expected to peak in autumn 2022, then gradually subside until it reaches the central bank's tolerance band at the end of 2023, and the NBH target of 3 percent by 2024 H1, the director of the National Bank of Hungary (NBH) told ...

Industrial producer prices in Hungary rose by an annual 32.3 percent in May, picking up from a 28.8 percent increase in the previous month, the Central Statistical Office (KSH) said on Thursday.

Hungarian rate-setters (NBH) raised the base rate by 185 basis points to 7.75 percent at a monthly policy meeting on Tuesday. The policymakers also expanded the two sides of the interest rate corridor by 135 basis points, with overnight deposits set at 7.25 percent ...

Like the economy of Europe as a whole, its car industry faces grave challenges in the coming period, the minister of foreign affairs and trade said on Monday.

The average gross wage in Hungary grew by an annual 15.2 percent to 507,500 forints (EUR 1,265) in April, the Central Statistical Office (KSH) said on Friday. The data for full-timers at businesses with at least five people on payroll show the average net ...

Hungary's jobless rate was 3.5 percent in May, down from 3.6 percent in the previous month and from 3.9 percent twelve months earlier, the Central Statistical Office (KSH) said on Thursday.

Hungary ranks 39th on the list of the world's most competitive economies, up three places from last year, Finance Minister Mihaly Varga said on Monday, citing information from Swiss competitiveness research institute IMD.

The total amount of tax cuts and pension and wage increases will be close to 3,300 billion forints (EUR 8.3bn) this year, the finance minister said on Thursday.