The value of Hungarian exports in EUR terms was 15% and that of imports 14% higher in January 2023 than in the same period of the previous year, the Central Statistical Office reports. The balance of the external trade in goods improved by EUR 78 million. Compared to the previous month, the level of export […]

Hungary’s central bank Governor György Matolcsy slammed the Cabinet’s economic policy making, claiming it “took a wrong turn” ahead of the outbreak of war in neighboring Ukraine. The criticism shows a widening rift within the ruling Fidesz party, which could pose a new risk for the country. György Matolcsy, governor of the National Bank of […]

Consumer prices were 25.4% higher on average in Hungary in February 2023 than a year earlier, the Central Statistical Office reports. Food inflation is over 43%. 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% […]

The volume of industrial production declined in Hungary in January 2023 by 0.2% year-on-year. Based on working-day adjusted data, production dropped by 3.2%, according to a report published this Tuesday by the Central Statistical Office (KSH). According to seasonally and working-day adjusted data industrial output was 5.1% lower than in December 2022. Out of the […]

The Budapest Stock Exchange (BSE) closed the week at 44,440.48 points, down 827.63 points or 1.83% from last week, MTI reported this Sunday morning along with a brief analysis of the week’s trading. Turnover on the Hungarian capital’s stock market rose from HUF 23.259 billion last week to HUF 36.495 billion this week, with most […]

The deficit of the external trade in goods was EUR 168 million in December, the adjusted volume of export increased by 0.6, while that of import decreased by 5.0%, compared to November, the Central Statistical Office reports. In December 2022, the volume of export was 3.5% higher, while that of import was 1,0% lower than […]

In the 4th quarter of 2022 the volume of investments decreased by 6.3% compared to the same period of the previous year, and lessened by 5.5% compared to the previous quarter (seasonally adjusted), the Central Statistical Office reports. The investment volume has been shaped by a decrease in the budgetary, the households’ and also in […]

In February, both business and consumer expectations improved, but continued to reflect a poor mood. According to the empirical survey conducted by GKI Economic Research Co. with the support of the EU, consumers were still more pessimistic than they were in 2020, during the panic that started when the new coronavirus pandemic broke out. In […]

The stock index of the Budapest Stock Exchange (BSE) declined this week, closing at 45,268.11 points on Friday, down 358.81 points or 0.79% from a week earlier, MTI reported this Sunday morning along with a brief analysis. The weekly turnover of the stock market was HUF 23.26 billion, up from HUF 35.72 billion the previous […]

Hungary’s interest rates are the highest in the European Union. Even though market sentiment is improving, as evidenced by the rapid appreciation of the Hungarian currency, the central bank is expected to keep rates unchanged for a long time to ensure that fundamentals are solid enough for monetary easing to commence. The National Bank of […]

The Budapest Stock Exchange (BSE) share index fell on a downward trend this week, with the BUX closing at 45,626.92 points on Friday, 380.19 points, 0.83% lower than a week earlier, MTI reported along with a brief analysis of the week’s trading. The weekly turnover of the stock market was HUF 35.72 billion, up from […]

Hungary’s economic performance stumbled at the end of last year, confirming analyst views that the economy was in a technical recession from the second half of last year. The government expects the economy to expand in 2023. Hungary’s statistical office reported a contraction for a second consecutive quarter this week. Gross domestic product (GDP) fell […]

Hungary’s gross domestic product increased by 0.4% according to raw data and by 0.9% according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2022 compared to the corresponding period of the previous year, the Central Statistical Office reports. Compared to the previous quarter, the economic performance diminished by 0.4% according […]

In December 2022, the volume of industrial production grew by 2.0% while construction output volume decreased by 3.9% – both year-on-year – in Hungary, the country Central Statistical Office (KSH) reports. While the annual growth figure of industrial production was 2.0%, based on working-day adjusted data, production rose by 5.7%. As KSH explains, compared to […]

The Budapest Stock Exchange (BSE) share index rose this week on a declining trading volume, closing at 46,007.11 points on Friday, 610.78 points, 1.35% higher than a week earlier, MTI reported this Sunday morning along with a brief analysis. Weekly turnover on the stock market was HUF 43.91, up from HUF 55.39 billion the previous […]