After a strong start to the year, the leading index of the Budapest Stock Exchange (BSE), the BUX, continued to strengthen in March and maintained its historic high: after a 1.77% increase, it closed the month at 88,686.46 points, the BSE told MTI on Tuesday. Total turnover on the stock market remained at the February […]

Industrial producer prices were 8.2% higher on average in February 2025 than one year earlier. Domestic output prices were 5.4% and non-domestic output prices 9.6% higher than in February in the previous year, the Central Statistical Office (KSH) reports. The price rise was primarily caused by the annual weakening of the forint exchange rate against […]

According to preliminary data the deficit of the general government sector was HUF 4 002 billion in 2024, 4.9% of GDP. The balance improved year-on-year by HUF 1 097 billion, close to 1.8 percentage points as a proportion of GDP. The Hungarian Central Statistical Office (KSH) reported the data to Eurostat, the Statistical Office of […]

In February 2025, the average number of employed persons aged 15–74 was 4,682,000, essentially the same as a year earlier, the Central Statistical Office (KSH) reports. The number of unemployed persons was 220,000 and the unemployment rate 4.5%, the report says. Employment, December 2024-February 2025:In the period December 2024-February 2025, the average number of employed […]

At its meeting this Tuesday, the Monetary Council of the National Bank of Hungary (MNB) reviewed the latest economic and financial developments and – in line with its stability-oriented approach – left the base rate unchanged at 6.50% with effect from March 26, 2025. The O/N deposit rate and the O/N lending rate also remained […]

Construction output volume, based on raw data, lagged behind the previous year’s level by 9.6% in January 2025, the Central Statistical Office (KSH) reports. Out of the main groups of construction,the construction of buildings lessened by 8.9%, that of civil engineering by 10.8%. Based on seasonally and working day adjusted indices construction output was above […]

Hungary’s government has announced new price controls on essential food items as inflation continues to strain consumers. Economists warn that previous interventions of this kind have led to mixed results. Prime Minister Viktor Orbán announced this week that commercial grocers must limit their markup to no more than 10% of the wholesale price on 30 […]

Consumer prices were 5.6% higher on average in February 2025 than a year earlier. Over one month, consumer prices rose by 0.8% on average, within which food became 1.2% more expensive, the Central Statistical Office (KSH) reports. In 12 months, compared to February 2024:A price increase of 7.1% was recorded for food, within which 44.3% […]

The volume of industrial production lagged behind the one year earlier level in January 2025 by 3.9%. The working day adjusted index is equal to the non-adjusted one, the Central Statistical Office (KSH) reported this Tuesday. Out of the manufacturing subsections production increased in five, and lessened in eight, at the highest rate in the […]

In the 4th quarter of 2024, service exports calculated in EUR increased by 0.4%, their imports lessened by 1.6% compared to the same period of the previous year. The surplus amounted to EUR 2.7 billion, exceeding the 4th quarter value of 2023 by EUR 137 million, Hungary's Central Statistical Office (KSH) reported this Monday. In […]

According to a survey conducted by the GKI Economic Research Institute with the support of the EU, the outlook of consumers remained unchanged in February compared to January, but the expectations of the business sector became slightly more optimistic. The GKI business climate index thus moved up from its 19-month low in January. Companies' employment […]

Industrial producer prices were 9.1% higher on average in January 2025 than one year earlier. Domestic output prices were 6.1% and non-domestic output prices 10.6% higher than in January 2024, the Central Statistical Office (KSH) reported this Friday. The price rise was primarily caused by the annual weakening of the forint exchange rate against the […]

Hungary’s government has acknowledged that it is likely to miss its budget target for 2026, following a wave of pre-election fiscal promises by Prime Minister Viktor Orbán. The Economy Ministry confirmed on Thursday that the country’s budget deficit is expected to reach 3.5% of GDP, surpassing the earlier 2.9% goal, which would have brought it […]

At the February meeting of the Monetary Council of the National Bank of Hungary (MNB), the members of the Monetary Council unanimously decided to keep the interest rate at its current level for a longer period of time, according to the Deputy Governor of the MNB, Barnabás Virág. At the press conference following Tuesday's interest […]

70% of Hungarian CEOs expect acceleration of the global economic growth; 60% of them made optimistic statements regarding the Hungarian economy but only 39% are confident about the growth of their companies. That is according to PwC’s 14th Hungarian CEO Survey in which the respondents predict a 1.8% GDP growth, a 415 HUF/EUR exchange rate […]