Hungarian economic growth continued to slow in the third quarter of the year. Analysts expect further weakness in the coming couple of quarters as negative impacts amplify the drag on growth Economic growth in Hungary slowed from 6.5% in Q2 to 4% in July-September on an annual basis, below forecasts. The nation’s economy contracted 0.4% […]

Hungary’s gross domestic product diminished by 0.4% between July and September this year compared to the previous quarter according to seasonally and calendar adjusted and reconciled data reported by the the Central Statistical Office. The report added that in the 3rd quarter of 2022, the economic performance increased by 4.0% according to raw data and […]

The Budapest Stock Exchange (BSE) share index rose in the week, closing at 43,698.34 points on Friday, up 2.51% on the week to 1,068.66 points, the state news agency MTI reported this Sunday morning along with a brief analysis. The weekly turnover on the stock market was HUF 63.58 billion%, compared to HUF 30.63 billion% […]

Agricultural producer prices were on average 61.0% higher in September than a year earlier, with the rate of increase jumping by 8.1 percentage points after 2.2 percentage points in August, according to the latest data released by the Hungarian Central Statistical Office (KSH) . The purchase price of live animals was 69.2% higher than in […]

The value of exports in EUR terms was 28% and that of imports 33% larger in September 2022 than in the same period of the previous year. The balance of the external trade in goods deteriorated by EUR 570 million. Compared to the previous month, the level of export in goods increased by 15% and […]

Consumer prices were 21.1% higher on average in October 2022 than a year earlier. 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 2.0% on average, the Central Statistical Office reports. In 12 months, compared to […]

It is increasingly apparent that Hungary’s inflation is the steepest in the European Union. Although the official inflation indicators of the Baltic countries are higher than those of Hungary, EU data from the summer show that the core inflation indicator, which contains much less distorting effects, is the worst in Hungary. The inflationary pressure intensified […]

In August 2022, the volume of export was 18% and that of import was 14% higher than in the same period of the previous year. The deficit was EUR 1.6 billion, the balance deteriorating by EUR 863 million year-on-year, the Central Statistical Office reports. Compared to July, the seasonally and working-day adjusted volume of export […]

The Budapest Stock Exchange (BSE) share index rose in falling turnover this week, closing at 41,053.71 points on Friday, 621.74 points, 1.54% higher than a week ago. The weekly turnover of the stock market was HUF 26.33 billion, compared to HUF 41.94 billion the previous week, with leading shares gaining. In a summary sent to […]

Industrial producer prices rose by 42.7% on average in September 2022 in Hungary, compared to one year earlier. Domestic output prices were 66.2% and non-domestic output prices 30.7% higher, the Central Statistical Office reports. The higher rate of increase in domestic output prices was owing to the larger proportion of the energy industry there, where […]

Even though this year is marked by rampant inflation, soaring energy prices and sharply increasing interest rates, the economic situation is set to deteriorate in 2023. According to Economy Minister Mihály Varga, the worst is yet to come for the country’s economy. A recent international survey revealed that a third of European workers see the […]

The Budapest Stock Exchange (BSE) share index rose this week, with the BUX closing at 39,603.36 points on Friday, up 65.73 points or 0.17% on the previous week, the state news agency MTI reported this Sunday morning along with a brief analysis. Weekly turnover on the stock market was HUF 31.11 billion, up from HUF […]

The continued plunge in Hungary’s national currency is forcing the country’s decision makers to revisit earlier policy measures as the weakening forint wreaks havoc in the economy. The central bank may be forced to resume its tightening cycle while the government has indicated it could bring forward the nation’s erm-2 accession, the waiting room of […]

In August 2022 the volume of industrial production grew by 14.4% year-on-year. Based on working-day adjusted data production rose by 9.3%. Compared to crude data, the significant difference is due to the fact that there were two more working days in August 2022 than in the same month of the previous year, the Central Statistical […]

Consumer prices were 20.1% higher on average in September 2022 than a year earlier. 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 4.1% on average, the Central Statistical Office reported this Tuesday. In 12 months, […]