Hungary’s gross domestic product (GDP) decreased by 0.9% according to raw data and by 1.1% according to seasonally and calendar adjusted and reconciled data in the 1st quarter of 2023 compared to the corresponding period of the previous year. Compared to the previous quarter, the economic performance diminished by 0.2% according to seasonally and calendar […]

According to raw data the volume of construction output in March 2023 lagged behind the previous year’s level by 9.8%, a higher output during the base period also played a part in this trend, the Central Statistical Office reports. Out of the main groups of construction the construction of buildings decreased by 13.2%, that of […]

The stock index of the Budapest Stock Exchange (BSE) declined on lower trading volumes, closing at 46,044.03 points on Friday, 286.69 points, 0.62% lower than a week earlier, MTI reported Sunday morning along with a brief analysis. The stock market's weekly turnover was HUF 39.02 billion, down from HUF 46.02 billion the previous week, with […]

In March, industrial production was 4.1% below the level of the corresponding month a year earlier, MTI reports based on data by the Hungarian Central Statistical Office (KSH). Adjusted for working day effects, production decreased by 4.0%, KSH confirmed in its second estimate on Friday. Production dropped in the majority of the manufacturing subsections, at […]

The interest rate cap on loans will remain in place until the key interest rate falls below 10%, and extra profit taxes may remain at least partially next year. The interest rate decision may cost the banking sector at least HUF 70 billion, and the special tax may cost the banking sector even more than […]

Consumer prices in Hungary in April were on average 24.0% higher than a year earlier. Over the past year, household energy and food prices rose the most, MTI reported on Wednesday based on data from the country’s Central Statistical Office (KSH). Compared to April last year, food prices rose by 37.9%, with dairy products (63.5%), […]

The Budapest Stock Exchange (BSE) share index rose in a four-day trading week, with the BUX closing at 46,330.72 points on Friday, up 3.37% to 1,508.51 points from a week earlier. The weekly turnover of the stock market for the four trading days was HUF 46.02 billion, up from HUF 37.98 billion the previous week, […]

The Budapest Stock Exchange (BSE) share index rose in the week, with the BUX closing at 44,822.21 points on Friday, up 1.64%, or 721.34 points, from the previous week's close, MTI reported Sunday morning with a brief analysis of the week’s trading. Turnover on the stock market was HUF 37.98 billion, up from HUF 21.09 […]

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 […]