The surplus of the external trade in goods amounted to EUR 366 million in April, the adjusted volume of exports decreased by 2.3%, that of imports lessened by 0.3%, compared to March, the Central Statistical Office says in its latest report released this Monday. In April 2023, the volume of exports declined by 1.1% and […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, with the BUX 50 closing at 505.73 points on Friday, 0.2% higher than a week earlier, MTI reported Sunday morning along with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 35.325 billion, up from HUF 32.212 […]
Industrial producer prices rose by 11.2% on average in Hungary in May 2023 compared to one year earlier, the Central Statistical Office reports. Domestic output prices were up by 36.5% and non-domestic output prices lessened by 1.1%. The large difference was primarily due to the domestic output prices of energy industry – producing goods basically […]
The business sentiment index regularly measured by the National Bank of Hungary (MNB) rose to -8 points from -10 in the previous month, the institution has reported on its website. The current situation index rose from -28 to -23 points in May, while expectations fell from +9 to +7 points, the lowest in 5 months. […]
According to a survey conducted by GKI Economic Research Co. with the support of the EU, business expectations deteriorated markedly in June, falling back to their October/November 2022 level, their latest low. At the same time, consumer expectations improved. In June, employment expectations in the business sector deteriorated sharply; however, the fear of unemployment of […]
The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, with the BUX 50 closing at 407.86 points on Friday, 0.65% higher than a week earlier, MTI reported on Sunday morning, along with a brief analysis of the week. The weekly turnover of the stock market was HUF 32.21 billion, […]
The National Bank of Hungary (MNB) has cut its key lending rate by 1 percentage point to 16%, while leaving the base rate unchanged at 13%. The latter is expected to be lowered when the two converge. According to central bank vice-president Barnabás Virág, there are already signs of improvement in inflation, with a figure […]
The economic challenges intensified last year, but Hungary continued to catch up with the EU average, with GDP growth of 4.6%, the Hungarian Central Statistical Office (KSH) said in its publication ‘Hungary 2022’, MTI reports. According to the summary published on the KSH website on Tuesday, geopolitical tensions have worsened energy security, increased inflation and […]
The stock index of the Budapest Stock Exchange (BSE) rose this week, closing at 50,083.93 points on Friday, up 763.23 points or 1.55% from a week earlier, MTI reported this Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 79.06 billion, up from HUF […]
Barnabás Virág, Vice President of the National Bank of Hungary (MNB), spoke about the 4+1 factors determining the inflation process in Hungary in a podcast of the Hungarian Competition and Financial Markets Authority, infostart.hu reports. The world has been going through a serious inflationary wave since 2021, the vice-president of the National Bank of Hungary […]
Electronic payments infrastructure further expanded in 2023 Q1. In addition to the more than 50,000 new accounts, the number of cards in active use also increased. On the acceptance side, the number of acceptance points both in the physical and online space increased by 4-5% in a quarter, the National Bank of Hungary (MNB) reports. […]
The volume of industrial production in Hungary declined in April 2023 by 8.3%, year-on-year, MTI reports quoting data published this Wednesday by the Central Statistical Office. Based on working-day adjusted data production fell by 5.8%. Production dropped in the great majority of the manufacturing subsections, at the same time the production volume increased in the […]
The value of Hungarian exports was 3.4% higher, while that of import 4.0% lower in EUR terms in April 2023 than in the same period of the previous year, MTI reported quoting official figures by the Central Statistical Office. The balance of the Hungarian economy’s external trade in goods improved by EUR 836 million. Compared […]
The stock index of the Budapest Stock Exchange (BSE) rose last week amid falling turnover, closing at 49,320.70 points on Friday, up 3.03% on the week to 1451.09 points, MTI reported this Sunday morning with a brief analysis of the week’s trading. Weekly turnover on the stock market was HUF 67.9 billion, up from HUF […]
Consumer prices were 21.5% higher on average in May 2023 than a year earlier, MTI has quoted official figures published by the Central Statistical Office (KSH). In one month, consumer prices decreased by 0.4% on average. The highest price rises were measured for electricity, gas and other fuels as well as food over the last […]
