The average and end-of-month stocks of external assets increased in July, the National Bank of Hungary (MNB) reports. The increase was primarily the result of the EUR-denominated government bond issuance by the Government Debt Management Agency, changes in the forint exchange rate, and the decrease in the stock of swaps providing euro liquidity concluded with […]
Output of Hungary's construction sector inched down 1.2% year-on-year in June, according to data released by the Central Statistical Office (KSH) on Thursday. Construction sector output decreased by 5.0% when adjusted for the number of workdays. Output of the buildings segment fell 5.5% but civil engineering output rose 5.6%. In absolute terms, construction sector output […]
Hungary's cash flow-based general government balance showed a HUF 524.3 billion surplus for the month of July, causing the January-July deficit to narrow to HUF 2,857.9 billion, 67.7% of the full-year target, the Finance Ministry said in a preliminary release of data on Monday. The July surplus was supported by a HUF 300 billion decline […]
The Budapest Stock Exchange’s (BBSE) stock index, the BUX, closed the week at 148,632.55 points, up 1.33% from previous Friday’s close. Total trading volume fell from HUF 120.5 billion to HUF 108.5 billion on a week-over-week basis, while leading stocks – with the exception of Magyar Telekom – gained ground. In its weekly summary, Equilor […]
Given current global economic trends, the annual inflation rate of less than 2% set by the central bank in June remains realistic, said Péter Benő Banai, vice president of the National Bank of Hungary (MNB), in the latest episode of the MNB Podcast. According to a press release issued by the MNB on Sunday, Péter […]
Hungary's annualised consumer price index fell to 1.2% in July from 1.7% in the previous month, data released by the Central Statistics Office (KSH) on Friday show. Food prices dropped 1.1% and fell 4.4% excluding the price of eating out. Pork prices declined 13.1% and fresh fruit prices dropped 12.5%, but cooking oil prices rose […]
Output of Hungary's industrial sector rose 10.1% year-on-year in June, a first reading of data released by the Central Statistical Office (KSH) on Thursday shows. Output rose 4.1% when adjusted for the number of workdays, of which there were two more than in the base period. Output rose in most branches of manufacturing. Among the […]
The Budapest Stock Exchange’s stock index rose to a new all-time high by the end of the week. The BUX closed at 146,688 points, up 2.24% for the week, while trading volume also exceeded the previous week’s level. Leading stocks all ended the week in positive territory. Weekly trading volume totaled HUF 120.5 billion, up […]
Factory gate prices in Hungary edged down 0.4% year-on-year in June, data released by the Central Statistical Office (KSH) show. Prices for domestic sale were up 1.8% while export prices decreased 1.4%. Domestic prices of the manufacturing sector, which have a 67.6% weight in the PPI, rose 1.1%. Domestic energy prices, which account for 30.0% […]
Analysts reacted with some disappointment to the first estimate of second-quarter GDP data, but welcomed the fact that, after a prolonged period of stagnation, the economy appears to have entered a sustained growth trajectory. According to the first estimate released Thursday by the Central Statistical Office (KSH), Hungary’s gross domestic product (GDP) grew by 1.7% […]
Hungary had a EUR 1.305 billion trade surplus in June, widening from EUR 799 million in the previous month, data released by the Central Statistical Office (KSH) on Thursday show. Exports rose 20.9% year-on-year to EUR 14.945 billion. Imports climbed 17.8% to EUR 13.639 billion. Trade with other European Union member states accounted for 73% […]
The Budapest Stock Exchange (BSE) stock index rose this week amid increasing trading volume; on Friday, the BUX closed at 143,471.05 points, up 1.77% from the previous week. Weekly trading volume totaled HUF 106.9 billion, up from HUF 102.8 billion the previous week; leading stocks, with the exception of Richter, gained ground, and Mol reached […]
Hungary will secure HUF 6,000 billion (EUR 16 billion) in EU funds thanks to the anti-corruption measures the government has adopted, Prime Minister Péter Magyar said on social media on Sunday. The prime minister was of the view that the Tisza government had achieved in a few weeks what the Orbán government had failed to […]
The value of public procurement contracts in Hungary fell 31% year-on-year to HUF 1,877.8 billion in the first half, a report published by the Public Procurement Authority shows. The number of contracts rose 7% to 8,288 during the period. Construction contracts accounted for 26.3% of the value of public procurements and orders of goods for […]
The Monetary Council of the National Bank of Hungary (MNB) decided to cut the central bank base rate by 25 basis points to 5.75% at a monthly policy meeting on Tuesday. The Council also lowered the central bank's symmetric interest rate corridor by 25 basis points, bringing the O/N deposit rate to 4.75% and the […]
