Economy

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.

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 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 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.

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.

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.

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 ...

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.

The central bank is proposing a two-year "competitiveness programme" to restore the economy's "dramatically deteriorated" balance, governor Gyorgy Matolcsy told a conference on Thursday.

Hungary's GDP grew by an annual 8.2 percent in the first quarter, albeit from a low base, a first reading of data released by the Central Statistical Office (KSH) on Tuesday shows. Adjusted for calendar year and other effects, GDP rose by 8.0 percent.