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Hungarian Companies Want a Stable Forint

D&T
Mar 20, 2023

Hungarian business leaders say they do not want a strong or weak exchange rate, but stability, according to an analysis by the financial news site portfolio.hu. The exchange rate of the Hungarian currency, the forint (HUF) against major currencies like the euro or the US dollar has been helped by high interest rates, but business […]

BUX Index Fell on Rising Turnover This Week

D&T
Mar 19, 2023

The stock index of the Budapest Stock Exchange (BSE), the BUX, closed the week 5.35% lower at 40,771.24 points, down by 2,306.45 points compared to the previous Friday, MTI reported this Sunday morning along with a brief analysis. Total turnover on the stock market rose from HUF 47.274 billion to HUF 61.245, even though the […]

Construction Output Volume Down in Hungary

D&T
Mar 15, 2023

According to raw data the volume of construction output in January 2023 lagged behind the previous year’s level by 3.6%, the Central Statistical Office reports. Out of the main groups of construction the construction of buildings decreased by 4.0 and that of civil engineering by 2.1%. Based on seasonally and working day adjusted indices construction […]

Industrial Production Down by 0.2% in Hungary

D&T
Mar 14, 2023

In January 2023, the volume of industrial production declined by 0.2% year-on-year in Hungary. Based on working-day adjusted data, production dropped by 3.2%, the Central Statistical Office (KSH) reported this Tuesday. Production increased in some manufacturing subsections, with the largest growth in the manufacture of electrical equipment. According to seasonally and working-day adjusted data industrial […]

BUX Index Fell Over 3% This Week

D&T
Mar 12, 2023

The Budapest Stock Exchange (BSE) share index, the BUX, closed the week at 43,077.69 points, down, amid unfavorable international sentiment, 3.07% on the previous week, or 1,362.79 points, MTI reported this Sunday morning along with a brief analysis of the week. Turnover on the stock market rose from HUF 36.495 billion to HUF 47.274 billion, […]

External Trade Deficit in Goods: EUR 165 Mn in January

D&T
Mar 10, 2023

The value of Hungarian exports in EUR terms was 15% and that of imports 14% higher in January 2023 than in the same period of the previous year, the Central Statistical Office reports. The balance of the external trade in goods improved by EUR 78 million. Compared to the previous month, the level of export […]

Annual Inflation Rate Still Very High in Hungary

D&T
Mar 8, 2023

Consumer prices were 25.4% higher on average in Hungary in February 2023 than a year earlier, the Central Statistical Office reports. Food inflation is over 43%. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 0.8% […]

Decreasing Industrial Production in Hungary

D&T
Mar 7, 2023

The volume of industrial production declined in Hungary in January 2023 by 0.2% year-on-year. Based on working-day adjusted data, production dropped by 3.2%, according to a report published this Tuesday by the Central Statistical Office (KSH). According to seasonally and working-day adjusted data industrial output was 5.1% lower than in December 2022. Out of the […]

BUX Index Fell This Week on Rising Turnover

D&T
Mar 5, 2023

The Budapest Stock Exchange (BSE) closed the week at 44,440.48 points, down 827.63 points or 1.83% from last week, MTI reported this Sunday morning along with a brief analysis of the week’s trading. Turnover on the Hungarian capital’s stock market rose from HUF 23.259 billion last week to HUF 36.495 billion this week, with most […]

Hungary's External Trade Deficit EUR 168 Mn, Improving

D&T
Mar 3, 2023

The deficit of the external trade in goods was EUR 168 million in December, the adjusted volume of export increased by 0.6, while that of import decreased by 5.0%, compared to November, the Central Statistical Office reports. In December 2022, the volume of export was 3.5% higher, while that of import was 1,0% lower than […]

Q4 2022: Investments Down in Hungary by 6.3%

D&T
Mar 1, 2023

In the 4th quarter of 2022 the volume of investments decreased by 6.3% compared to the same period of the previous year, and lessened by 5.5% compared to the previous quarter (seasonally adjusted), the Central Statistical Office reports. The investment volume has been shaped by a decrease in the budgetary, the households’ and also in […]

Economic Sentiment Index Continues to Rise Slowly

D&T
Feb 28, 2023

In February, both business and consumer expectations improved, but continued to reflect a poor mood. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, consumers were still more pessimistic than they were in 2020, during the panic that started when the new coronavirus pandemic broke out. In […]

BUX Declined on Falling Turnover This Week

D&T
Feb 26, 2023

The stock index of the Budapest Stock Exchange (BSE) declined this week, closing at 45,268.11 points on Friday, down 358.81 points or 0.79% from a week earlier, MTI reported this Sunday morning along with a brief analysis. The weekly turnover of the stock market was HUF 23.26 billion, up from HUF 35.72 billion the previous […]

Hungary Monetary Easing Still a Long Way Off

D&T
Feb 24, 2023

Hungary’s interest rates are the highest in the European Union. Even though market sentiment is improving, as evidenced by the rapid appreciation of the Hungarian currency, the central bank is expected to keep rates unchanged for a long time to ensure that fundamentals are solid enough for monetary easing to commence. The National Bank of […]

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