Inflation eases to 3 percent yr/yr in October

Consumer prices in Hungary rose by an annual 3.0 percent in October, level with the medium-term target of the National Bank of Hungary (NBH), the Central Statistical Office (KSH) said on Tuesday.

Economy to contract 6.5 percent in 2020

The European Commission published its autumn economic forecast on Thursday, projecting Hungarian GDP would fall by 6.5 percent this year. The projection is an improvement from a 7.0 percent decline in a forecast published in July.

Wage growth slows to 9.1 percent

Year-on-year wage growth in Hungary slowed to 9.1 percent in August from 10.8 percent in July, data released by the Central Statistical Office (KSH) on Friday show.

GDP could be down by 6.4 pc in 2020

The GDP of Hungary could fall by 6.4 percent this year and economic trends could start to change from the second quarter of 2021 with a vaccine against the coronavirus possibly available by that time, Finance Minister Mihaly Varga said at an annual hearing ...

Policy-makers keep base rate on hold

The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged, at 0.60 percent, at a monthly policy meeting on Tuesday.

Construction sector contraction slows in August

Output of Hungary's construction sector fell by an annual 13.6 percent in August, an improvement after a 21.0 percent decline in the previous month, data released by the Central Statistical Office (KSH) on Friday show.