Job seekers in Hungary are showing increased interest in new opportunities even as employers remain cautious with their hiring plans, according to the latest quarterly report from Profession.hu, the country's leading job portal. While job advertisements decreased by 1% in the first quarter of 2025 compared to the same period last year, applications jumped by […]

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 […]

Hungary's Budget Deficit Nears Annual Target Amid Economic ConcernsHungary's budget deficit has surged to 62% of the government's full-year target in the first quarter, following a significant shortfall in March—the second-largest for that month in 24 years. This development raises questions about the feasibility of the administration's revised economic growth projections, especially as the National […]

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 […]

In March 2025, consumer prices rose by 4.7% in annual terms. Compared to February, the annual price increase rate decelerated by 0.9 percentage points. Core inflation fell by percentage points and stood at 5.7%. Core inflation excluding indirect tax effects fell to 5.4%, the National Bank of Hungary (MNB) says on its website. On a […]

The volume of industrial production in Hungary lagged behind the one year earlier level by 8.7% in February 2024, based on working-day adjusted data, declined by 8.0%. According to seasonally and working-day adjusted data, industrial output was 1.3% lower than in January 2025, the country's Central Statistical Office (KSH) reports. Production volume decreased in every […]

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% […]