The decline in the number of firms continued in March, with nearly 5,000 fewer firms registered in Hungary than in December last year, and 30% fewer firms formed than closed in the same period. This means that the trend of declining company formation and more frequent company closures continues, the economic portal Piacesprofit.hu reports. Seasonally, […]
In April, business expectations fell back to their level at the beginning of 2023, and the consumer confidence index also declined slightly. According to a survey conducted by GKI Economic Research Co. with the support of the EU, expectations in the business sector deteriorated, especially in industry and services. However, intentions to raise prices in […]
The stock index of the Budapest Stock Exchange (BSE), the BUX, closed the week up 1.88% or 815.64 points at 44,100.87 points, MTI reported Sunday morning along with a brief analysis of the week’s trading. Total turnover fell from HUF 28.879 billion the previous week to HUF 21.09 billion, with the leading shares gaining on […]
The Budapest Stock Exchange (BSE) share index fell in the four-day trading week, with the BUX closing at 43,285.23 points on Friday, the last trading day of the week, 2.11% or 932.62 points lower than the closing price of the previous four-day trading week, MTI reported Sunday morning, along with a brief analysis. Turnover on […]
In February 2023, the volume of industrial production declined by 4.6% year-on-year in Hungary. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office reports. Production dropped in the majority of the manufacturing subsections, at the same time the production volume increased in the largest weight carrying manufacture of transport […]
Consumer prices were 25.2% higher on average in March 2023 than a year earlier in Hungary, the Central Statistical Office reports the official figures. 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% on average. […]
The value of exports in EUR terms was 10% and that of imports 3.8% higher in February 2023 than in the same period of the previous year, the Central Statistical Office (KSH) reports. The balance of the external trade in goods improved by EUR 749 million. Compared to the previous month, the level of export […]
The stock index of the Budapest Stock Exchange (BSE) rose this week amid falling turnover, closing at 44,217.85 points on Thursday, the last trading day of the week, 4.49% higher than the previous week's closing price, MTI reported Sunday morning along with a brief analysis of the week’s trading. The weekly turnover of the stock […]
In February 2023, the volume of retail trade in both raw and calendar-adjusted data was 10.1% lower than in the same month of the previous year, the Central Statistical Office reports. In February, calendar-adjusted sales volumes decreased by 8.6% in specialised and non-specialised food shops, by 9.8% in non-food retailing and by 14.5% in automotive […]
The volume of industrial production declined in February 2023 by 4.6% year-on-year in Hungary, the Central Statistical Office reports. The working day adjusted index is equal to the non-adjusted one. According to seasonally and working-day adjusted data industrial output was 0.3% higher than in January 2023. The majority of the manufacturing subsections contributed to the […]
According to preliminary data reported by the country's Central Statistical Office (KSH), the deficit of the general government sector in 2022 was HUF 4,159 billion, 6.2% of GDP. The balance deteriorated year-on-year by HUF 209 billion, and improved by 0.9 percentage points as a proportion of GDP. KSH says it reported the data to Eurostat, […]
The Budapest Stock Exchange (BSE) stock index rose this week amid falling turnover, closing at 42,318.34 points on Friday, 1.19% higher than a week earlier, MTI reported this Sunday morning along with a brief analysis. The weekly turnover of the stock market was HUF 34.13 billion, up from HUF 46.88 billion the previous week, with […]
The deficit of the external trade in goods in Hungary was EUR 413 million in January, the adjusted volume of export decreased by 0.5%, while that of import increased by 5.0%, compared to December, as shown by a new report by the country's Central Statistical Office (KSH). In January 2023, the volume of export was […]
The Monetary Council of the National Bank of Hungary (MNB) kept the base rate at 13% at its meeting this Tuesday, arguing that the current level of the base rate is adequate to manage fundamental inflation risks. The O/N deposit rate and the O/N collateralised borrowing rate were left unchanged at 12.5% and 25%, respectively. […]
Both business and consumer expectations improved significantly in March, with GKI’s economic sentiment index rising for the fifth month in a row. According to a survey conducted by GKI Economic Research Co. with the support of the EU, in the business sector expectations of industrial and service companies improved significantly, while expectations in construction and […]
