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Central Statistical Office

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Construction Output Volume Down Year on Year

D&T
Sep 15, 2020

The volume of construction output, based on raw data, was 21.0% lower in July 2020 compared to the high base of the previous year. Output decreased in both main groups of construction: in the construction of buildings by 18.8%, in civil engineering by 22.9%. Based on seasonally and working day adjusted indices construction output increased […]

Further Decrease in Industrial Production

D&T
Sep 11, 2020

In July 2020, the volume of industrial production declined by 8.1% year-on-year. The degree of fall was 28.8 percentage point lesser than the nadir of April. Based on working-day adjusted data, production dropped by 7.7%.  A report published this Friday by the Central Statistical Office suggests that the effects of the altered economic processes caused […]

Industrial Production Falls by 8,1%

D&T
Sep 4, 2020

In July 2020, the volume of industrial production in Hungary declined by 8.1% year-on-year. The degree of fall was 28.8% lesser than the nadir of April. Based on working-day adjusted data, production dropped by 7.7%. The effects of the altered economic processes, caused by the coronavirus epidemic, were still perceptible in this period, the Central […]

Investments Decreasing in Hungary

D&T
Aug 31, 2020

In the second quarter of 2020, the national economy’s investments further decreased, the volume of developments lagged 9.9% behind, compared to the same period of the previous year. As the Central Statistical Office reports, most sections of the national economy contributed to this trend. The investments of the budgetary units declined in a larger degree […]

More Births and Fewer Deaths

D&T
Aug 28, 2020

In January–July 2020, the number of births was 4.9% more and that of deaths 5.1% less than in the corresponding period of 2019 according to preliminary data reported by the Central Statistical Office. As a result, the natural decrease declined by 23% or 6,480 compared to January–July 2019. In July 2020, the number of live […]

Deepening Uncertanties

D&T
Aug 19, 2020

Hungary’s worse-than-expected economic performance in the second quarter of 2020 may force the government to rethink this year’s budget and financing plan. The weak data could also compel the central bank to alter the course of monetary policy. Hungary’s second-quarter gross domestic product dropped by 13.6%, according to raw data published by the Central Statistical […]

Historic Fall in Hungarian Economic Data

D&T
Aug 14, 2020

The gross domestic product of Hungary went down by 13.6% according to raw data and by 13.5% according to seasonally and calendar adjusted and reconciled data in the 2nd quarter of 2020 compared to the corresponding period of the previous year. According to an explanation by the Central Statistical Office, the extraordinary situation resulting from the […]

Construction Output Volume Down in Hungary

D&T
Aug 13, 2020

The volume of construction output, based on raw data, was 15.7% lower in June 2020 compared to the high base of the previous year. Output decreased in both main groups of construction: in the construction of buildings by 14.2%, in civil engineering by 17.5%.  Based on seasonally and working day adjusted indices construction output increased […]

Soaring Food Prices in Hungary

D&T
Aug 11, 2020

Consumer prices were 3.8% higher on average in July 2020 than a year earlier. Significant price rises were measured over the past year for food as well as alcoholic beverages and tobacco. Data published today by Hungary's Central Statistical Office suggest that in the past 12 months, compared to July 2019, ood prices went up by […]

Sales Volume in Retail Shops Remain Unchanged

D&T
Aug 5, 2020

In June 2020, retail stores were already open without epidemiological restrictions throughout the country, so their sales volume increased by 0.8% according to raw data and remained essentially unchanged according to calendar-adjusted data compared to the same period last year. The Central Statistical Office says the volume of sales, adjusted for calendar effects, decreased by […]

Smaller Surplus in External Trade

D&T
Aug 2, 2020

In May 2020, the volume of exports was down by 26% and that of imports by 19% compared to the same period of the previous year. The surplus was EUR 102 million. The surplus figure of EUR 102 million means the balance deteriorated by EUR 545 million compared to May 2019. According to calendar-adjusted data by the Central Statistical Office, the […]

103,000 fewer people in employment

D&T
Jul 29, 2020

Over the period of April-June 2020, the average number of people employed in Hungary was 4,408,000 – 103,000 fewer than a year before, the Central Statistical Office (KSH) reports. According to KSH, the economic consequences of the coronavirus epidemic affected the study period in its entirety, so their effects are reflected in the reported employment […]

More Births and Fewer Deaths in the First Half of 2020

D&T
Jul 26, 2020

In the first half of 2020, the number of births was 5.5% more and that of deaths 5.5% less in Hungary than in the corresponding period of 2019 according to preliminary data. As a result, the natural decrease declined by 23% or 6,024 compared to the first half of 2019, According to data by the […]

COVID-19: Losses in the Construction Industry

D&T
Jul 15, 2020

The volume of construction output, based on raw data, was 20.1% lower in Hungary in May 2020 compared to the high base of the previous year, the country's Central Statistical Office reports. Output decreased in both main groups of construction: in the construction of buildings by 24.0%, in civil engineering by 15.6%. Based on seasonally […]

Number of Tourism Nights Down by 93%

D&T
Jul 9, 2020

In May 2020, as a result of the coronavirus epidemic, tourists spent 93% fewer tourism nights (the number down by 98% by international tourists 98% and 86% by domestic tourists) in commercial accommodation establishments in Hungary. According to data by the Central Statistical Office, 88% of all tourism nights in commercial accommodation establishments (hotels, boarding […]

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