Consumer prices in Hungary were 4.2% higher on average in April 2025 than a year earlier, the Central Statistical Office reported this Wednesday. Compared to March, consumer prices went up by 0.2% on average. In 12 months, compared to April 2024:A price increase of 5.4% was recorded for food, within which 26.9% for eggs, 23.7% […]
On May 1st, Hungary marked the 21st anniversary of its accession to the European Union. While EU membership offers a host of economic advantages — such as tariff-free exports within the bloc, increased foreign direct investment, and free movement of labour — perhaps the most tangible benefit lies in the direct financial support from Brussels. […]
The volume of industrial production in Hungary remained in March 2025 at the level of the same month of the previous year, while, based on working-day adjusted data, it lessened by 5.4%. That is according to the country's Central Statistical Office (KSH). Compared to crude data, the significant difference is due to the fact that […]
Hungarian businesses have settled into an uncertain economic environment, according to a recent business survey by the German-Hungarian Chamber of Industry and Commerce (DUIHK), with both the general economic situation and the company's own business assessments looking gloomy in the long term, the president of the chamber, András Sávos, said at a press conference in […]
In March 2025, the volume of retail trade was 0.4% lower in raw data, or 0.4% higher in calendar (and Easter effects) adjusted terms, than in the same month of the previous year, the Hungarian Central Statistical Office reports. Compared to the same period of the previous year, calendar-adjusted sale volumes expanded by 1.2% in […]
Trading on the Budapest Stock Exchange (BSE) was more volatile in April, in line with international trends, with the BUX index rising 3.4% on the previous month to close the month at 92,196.43 points, the BSE told MTI on Monday. It was pointed out that despite international uncertainty, April was a month of high turnover […]
The volume of Hungarian exports surpassed the same period of the previous year’s level by 5.0%, that of import by 6.4% in March 2025. The surplus was EUR 1.8 billion, the balance grew by EUR 173 million, year-on-year, the country's Central Statistical Office (KSH) reports. The adjusted volume of export diminished by 0.3% compared to […]
The volume of Hungary’s gross domestic product stagnated according to raw data and was 0.4% lower according to seasonally and calendar adjusted and reconciled data in the 1st quarter of 2025 than in the corresponding period of the previous year, the country’s Central Statistical Office (KSH) reported on Wednesday. Compared to the previous quarter, the […]
At its meeting on April 29, 2025, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and decided to leave unchanged the central bank interest rates (base rate at 6.50% and the overnight deőposit rate at 7.50%) with effect from April 30, 2025. The National Bank of […]
Industrial producer prices in Hungary were 7.3% higher on average in March 2025 than one year earlier. Domestic output prices were 4.7% and non-domestic output prices 8.6% higher than in March in the previous year, the country's Central Statistical Office (KSH) reports. The price rise was primarily caused by the annual weakening of the forint […]
According to a survey conducted by GKI Economic Research Co. with the support of the EU, the GKI economic sentiment index edged upwards in April. Both consumer and business outlooks in Hungary showed a slight improvement compared to March. While firms’ employment intentions remained unchanged from the previous survey, the aggregate expectation regarding future sales […]
In March 2025, the average number of employed persons aged 15–74 was 4,701,000 in Hungary. The number of unemployed persons was 211,000 and the unemployment rate 4.3%, the Central Statistical Office (KSH) reports. In the period January–March 2025, the average number of employed persons aged 15–74 was 4,692,000. The number of employed persons was 2,493,000 […]
Construction output volume, based on raw data, lagged behind the previous year’s level by 4.5% in Hungary in February 2025, the country's Central Statistical Office (KSH) reported this Monday. Out of the main groups of construction the construction of buildings lessened by 11.0%, that of civil engineering grew by 15.3%. Based on seasonally and working […]
In February 2025, industrial production was 8.7% below its level of a year earlier, or 8.0% adjusted for working days. Output fell in all manufacturing subsectors, with the largest decline in the manufacture of electrical equipment, the Hungarian Central Statistical Office (KSH) confirmed in its second estimate released on Friday, MTI reports. Production dropped in […]
At its April 8 meeting, the Monetary Council of the Hungarian National Bank (MNB) reviewed the latest international trade policy actions and their potential consequences. The Monetary Council concluded that uncertainty in the global economy and financial markets has increased substantially in recent days. Investor risk aversion is widespread, and both recessionary and inflationary risks […]
