In December 2020 the volume of industrial production in Hungary grew by 5.8% year-on-year. Based on working-day adjusted data, this figure was 1.1%. As for the whole of 2020, industrial production declined by 6.1% compared to the previous year. In December 2020: The volume of industrial production increased by 5.8% compared to the same period […]
Surplus on external trade in goods amounted to EUR 310 million in December, exports decreased by 18% and imports by 14% compared to November. Latest figures by the Central Statistical Office suggest that in EUR terms, the value of exports was 12% and that of imports 9.2% higher in December 2020 than in the same period of […]
Industrial producer prices as a whole were 6.8% higher in December 2020 than a year earlier. The rate of increase of prices was influenced primarily by the weakening of the forint against the Euro. According to a report by the Central Statistical Office published this Tuesday, domestic output prices were up by 2.6% and non-domestic output […]
Surplus on Hungary's external trade in goods amounted to EUR 836 million in November, exports grew by 0.4% and imports by 1.1% compared to October, the Central Statistical Office reported this Monday. In November 2020, the volume of exports increased by 12% and that of imports by 7.7% compared to the same period of the previous year. […]
Surplus on Hungary’s external trade in goods amounted to EUR 811 million in November, exports decreased by 0.5% and imports went up by 0.4% compared to October, according to the latest data published by the Central Statistical Office. In EUR terms, the value of exports was 6.9% and that of imports 1.9% higher in November […]
Industrial producer prices as a whole were 5.5% higher in November 2020 than a year earlier. The rate of increase of prices was influenced primarily by the weakening of the forint against the euro. As the Hungarian Central Statistical Office reports, domestic output prices were up by 1.3% and non-domestic output prices by 7.7%. Compared […]
“It will be crucial when the protection of the population against infection can be achieved. If this is achieved in the first half of 2021, we expect the fastest economic recovery in Hungary in the last hundred years.” Even if the last half of this statement made earlier this week by the Governor of the […]
GKI’s economic sentiment index rose sharply in December. It almost reached its October level again, which was much more favorable than the April low, but had been at a fairly low level since the beginning of summer. According to the survey conducted by GKI Economic Research Co. with the support of the EU, the improvement […]
The volume of construction output based on raw data was 16.2% lower in October 2020 compared to the previous year. Output decreased in both main groups of construction: in the construction of buildings by 5.3%, in civil engineering by 26.5%. Based on seasonally and working day adjusted indices construction output increased by 1.3% compared to […]
In October 2020, the volume of industrial production grew by 0.6% year-on-year according to crude data. Based on working-day adjusted data production rose by 2.7%. The growth was 2.8% compared to the previous month according to seasonally and working-day adjusted data. The Central Statistical Office's report also says that industrial output in October this year […]
In EUR terms, the value of exports was 1.5% and that of imports 6.8% lower in October 2020 than in the same period of the previous year, the Central Statistical Office reported this Wednesday. The balance of external trade in goods improved by EUR 516 million compared to October 2019. Compared to the previous month, the level of external […]
In November 2020, annual inflation stood at 2.7% and core inflation at 3.9%. Core inflation adjusted for the effects of indirect taxes, was 3.3%. Inflation fell by 0.3 percentage points relative to the previous month, primarily reflecting a decline in fuel and regulated product prices. The National Bank of Hungary (MNB) says its measures of […]
The volume of gross domestic product went down by 4.6% in Hungary in the 3rd quarter of 2020 compared to the corresponding period of the previous year. According to seasonally and calendar adjusted and reconciled data the performance of the economy was 11.4% higher than in the previous quarter and 4.6% lower than in the corresponding […]
In the third quarter of 2020, Hungarian service exports and imports – calculated in euros – decreased by 33% and 31%, respectively, compared to the same period of the previous year. According to figures published by the country's Central Statistical Office, t he surplus was EUR 1,653 million, which is EUR 908 million less than in the […]
GKI’s economic sentiment index fell sharply in November, falling below its level in early summer. According to a survey conducted by Budapest-based GKI Economic Research Co. with the support of the EU, this is a consequence of falling business expectations. The consumer confidence index rose minimally recently, although due to its decline in the previous […]
