Investment volume in Hungary slipped 1.3% year-on-year in the fourth quarter, data released by the Central Statistical Office (KSH) on Monday show. Adjusted for seasonal effects, investment volume dropped 1.7%. Investment volume in the manufacturing and public administration sectors contributed the most to the headline decline, KSH said. The fall was mitigated by rising investment […]
MOL group has turned to the Energy Ministry to free up the country's strategic crude reserves, the oil and gas company told MTI on Monday. The measure would allow MOL to maintain secure supply for the region, MOL said, adding that no deliveries of Russian crude through the Druzhba pipeline had arrived since January 27. […]
The Budapest Stock Exchange (BSE) share index, the BUX fell amid declining turnover this week, with the index closing at 126,964.02 points on Friday, down 2.36%, or 3,066.32 points, from the previous week. Weekly turnover was HUF 109.16 billion, down from HUF 152.96 billion the previous week, with leading stocks weakening during the week, with […]
Output of Hungary's industrial sector rose 1.8% year-on-year in December, the Central Statistical Office (KSH) confirmed in a second reading of data. Output fell 1.0% when adjusted for the number of workdays. The detailed data show output of the automotive industry, Hungary's biggest manufacturing sector, climbed 1.0%. The segment accounted for 21% of manufacturing output […]
Output of Hungary's construction sector climbed 8.9% year-on-year in December, MTI quotes data released by the Central Statistical Office (KSH) on Friday show. Construction sector output increased 6.5% when adjusted for the number of workdays. Output of the buildings segment climbed 8.4%, while civil engineering output increased 10.5%. In absolute terms, construction sector output reached […]
Hungary's annualized consumer price index fell to 2.1% in January from 3.3% in the previous month, data released by the Central Statistical Office (KSH) on Thursday show. Food prices edged up 1.3%, but fell 2.0% excluding the price of eating out. Margarine prices dropped 29.4%, the price of dairy products declined 17.9% and flour prices […]
Members of the Monetary Council of the National Bank of Hungary (MNB), MTI quotes the minutes from a monthly policy meeting in January. "Certain Council members highlighted that with declining inflation, rising real interest rates increased the room for manoeuvre for monetary policy," the minutes of the meeting on January 27 said. "They also agreed […]
Hungary's cash flow-based general government balance showed a HUF 32.3 billion surplus at the end of January, the Ministry for National Economy said in a preliminary release of data on Monday. The central budget finished the month with a HUF 98.6 billion deficit, but the social security funds had a HUF 91.7 billion surplus and […]
The Budapest Stock Exchange (BÉT) share index rose amid growing turnover this week, with the BUX closing at 130,030.34 points on Friday, 0.93% higher than a week earlier. Weekly turnover was HUF 152.9 billion, following HUF 139.9 billion the previous week, with the BUX closing at historic highs on Tuesday and Wednesday, while leading stocks […]
Output of Hungary's industrial sector rose 1.8% year-on-year in December, a first reading of data released by the Central Statistical Office (KSH) on Friday morning shows. However, output fell 1.0% when adjusted for the number of workdays. Output rose in the majority of the manufacturing subsections compared to the same month of the previous year, […]
The Budapest Stock Exchange (BÉT) share index, BUX, rose 3.01% compared to last Friday, ending the week at a historic high of 128,831.58 points, MTI reports. Total turnover increased from HUF 124.899 billion to HUF 139.907 billion on a weekly basis, with leading shares strengthening. The BUX hit new highs on Monday, Tuesday, and Wednesday, […]
According to a survey by GKI Economic Research Co., conducted with EU support, consumer outlooks in January remained unchanged compared with December, while those of companies deteriorated slightly. The summary indicator of expectations, the GKI Business Climate Index, fell by almost three points. Firms’ willingness to hire remained unchanged, and their overall expectations for the […]
Hungary had a EUR 333 million trade surplus in December, data released by the Central Statistics Office (KSH) on Thursday show. Exports rose 6.0% year-on-year to EUR 10.809 billion. Imports climbed 6.5% to EUR 10.475 billion. Trade with other European Union member states accounted for 72% of Hungary's exports and 70% of its imports during […]
On Friday, the The Budapest Stock Exchange (BSE) share index (BUX) closed at 125,061.81 points, 2.25% higher than a week earlier and just 136 points shy of its historic high set on Thursday. Weekly turnover was HUF 124.9 billion, following HUF 108.2 billion the previous week, with leading shares strengthening, except for Richter, and OTP […]
For the period October-December, the average number of employed reached 4,624,000, 46,000 fewer than in the same period a year earlier. The number of people employed on the primary market stood at 4,457,000, down 58,000 from a year earlier, data released by the Central Statistics Office (KSH) on Friday show. The number of Hungarians working […]
