Double-digit price increase again for residential homes?
Property prices are likely to rise by 14-17% this year.
Retail sales up slightly in December
In December 2024, the volume of retail trade was 0.4% higher in raw data, or 0.1% higher in calendar-adjusted terms, than in the same month of the previous year. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 1.2% ...
Industrial production down by 5.3 percent
The volume of industrial production lagged behind the one year earlier level in December 2024 by 5.3%, production based on working-day adjusted data by 6.4%. According to seasonally and working-day adjusted data, industrial output was 1.8% lower than in November 2024.
EUR 387 million surplus in the external trade in goods
The value of export in EUR terms lessened in December 2024 by 0.5%, that of import by 7.0% compared to the same period of the previous year. The balance of the external trade in goods improved by EUR 684 million. Compared to the previous ...
Orbán: Average monthly wage is set to reach one million forints
The prime minister said that it was "encouraging" that 4,000 teachers already earned more than that amount.
Industrial producer prices up 9 percent
Industrial producer prices were 9.0% higher on average in December 2024 than one year earlier. Domestic output prices were 4.0% and non-domestic output prices 11.5% higher than in December 2023. The price rise was primarily caused by the weakening of the forint exchange rate ...
Recession is over
The volume of Hungary’s gross domestic product was 0.4% higher according to raw data and 0.2% higher according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2024 than in the corresponding period of the previous year. Compared to the ...
Drop in exports causes trade balance to decline
The volume of export lessened by 3.8% and that of import surpassed the same period of the previous year’s level by 2.8%, compared to the same period of the previous year. The surplus was EUR 819 million, the balance deteriorated by EUR 639 million, ...
Nagy: Still not enough!
‘We have to get involved in the corporate credit segment, because 3% growth is too little,’ said the Minister of Economics on Info-Radio.
Number of arrivals up by 11 percent
In December 2024, nearly 1.3 million guests spent 2.9 million tourism nights at tourist (commercial, private and other) accommodation establishments. The number of tourist arrivals was 11% and that of tourism nights 8.4% higher than a year earlier. The number of nights spent by ...
