Retail sales climb 15.7 percent in April
Retail sales in Hungary rose by an annual 15.7 percent in April, the Central Statistical Office (KSH) said on Friday. Adjusted for calendar year effects, retail sales climbed by 15.8 percent, showing double-digit growth for the second month in a row.
Hungary economy expands 8.2 percent in Q1, KSH confirms
Hungary's GDP grew by 8.2 percent year-on-year in the first quarter, the Central Statistical Office (KSH) said in a second reading of data on Wednesday. Adjusted for seasonal and calendar year effects, first-quarter GDP rose by 8.0 percent year-on-year. In a quarter-on-quarter comparison, adjusted ...
PMI reaches 51.5 in May
Hungary's seasonally-adjusted Purchasing Managers Index (PMI) stood at 51.5 points in May, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Wednesday.
Central bank raises base rate by 50 points
Hungarian rate-setters raised the central bank's (NBH) base rate by 50 basis points to 5.90 percent at their regular policy meeting on Tuesday.
Industrial PPI accelerates to 28.8 percent in April
Industrial producer prices in Hungary rose by an annual 28.8 percent in April, picking up from a 25.9 percent increase in the previous month, the Central Statistical Office (KSH) said on Tuesday.
Investment volume up by 8.7 percent in Q1
Investment volume in Hungary rose by an annual 8.7 percent in the first quarter of 2022, supported by investments from businesses and growing activity by households, the Central Statistical Office (KSH) said on Monday.
Varga: Next year’s draft budget submitted to Fiscal Council includes 3.5 percent deficit target
The draft budget for next year submitted to the Fiscal Council sets a stricter deficit target of 3.5 percent of GDP and the public debt level of 73.8 percent, Mihaly Varga, the finance minister, said on Friday.
Jobless rate 3.6 percent in April
Hungary's jobless rate was 3.6 percent in April, unchanged from March, but down from 4.4 percent in the same month a year earlier, the Central Statistical Office (KSH) said on Thursday.
Capital, liquidity reserves make banking system resilient to crisis
Hungary's banking system was in a "prepared state" as it faced a sharp increase in risks because of the war in Ukraine, and the sector's capital and liquidity reserves ensure lenders will be resilient even if the conflict is protracted, the National Bank of ...
Higher minimum wage, public sector pay lifts wage growth
The average gross wage in Hungary climbed an annual 17.5 percent to 511,400 forints (EUR 1,338) in March, the Central Statistical Office (KSH) said on Tuesday.
