In the 2nd quarter of 2023, service exports calculated in EUR increased by 6.7%, their imports grew by 0.8% compared to the same period of the previous year. The surplus was EUR 2.7 billion, EUR 451 million more than in the 2nd quarter of 2022, slightly surpassing the previous record. Exports rised by 8.4%, imports […]
The volume of industrial production declined in June 2023 in Hungary by 3.8%, year-on-year. Based on working-day adjusted data production fell by 6.1%. Analysts note that industrial production has been declining in the country for seven months now. Production dropped in the majority of the manufacturing subsections, at the same time production volume grew in […]
The value of export was 11% higher, while that of import 4.7% lower in EUR terms in June 2023 than in the same period of the previous year. The balance of the external trade in goods improved by EUR 1.9 billion, the Central Statistical Office (KSH) reports. Compared to the previous month, the level of […]
The number of tourist arrivals increased by 3.8%, while that of tourism nights diminished by 0.8% compared to June 2022, the Central Statistical Office reports. In June 2023, 1.6 million guests spent 4.0 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments) in Hungary. The number of guests was 3.8% higher […]
The volume of Hungarian exports increased by 3.9% in May 2023, while that of the country's imports decreased by 1.3% compared to the same period of the previous year. The surplus was EUR 1.1 billion, the balance improved by EUR 1.4 billion year-on-year, the Central Statistical Office reported on Monday. Compared to April, the seasonally […]
Industrial producer prices were higher by 6.4% on average in June 2023 compared to one year earlier. Domestic output prices were up by 29.8% and non-domestic output prices lessened by 5.0%. The large difference was primarily due to the domestic output prices of energy industry – producing goods basically for the domestic market, within which […]
The volume of industrial production in Hungary declined in May 2023 by 6.9%, year-on-year. The same figure for the same month in the euro zone was a decrease of 2.2%. As the country's Central Statistical Office reports, production in Hungary dropped in the majority of the manufacturing subsections, however, the production volume increased in the […]
The value of Hungarian exports was 5.2% higher, while that of import 5.4% lower in EUR terms in May 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 1.3 billion. Compared to the previous month, the level of […]
Consumer prices were 20.1% higher on average in June 2023 than a year earlier, the Central Statisrtical Office (KSH) reports. According to a statement by the National Bank of Hungary (MNB), the 1.4% decrease compared to the prevous month was due to lower increase in the prices of food and industrial products. The highest price […]
In May 2023, 1.3 million guests spent 3.1 million tourism nights at tourist accommodation establishments (commercial, private and other accommodation establishments) in Hungary, the Central Statistical Office reports. The number of guests was 7.1% and that of tourism nights 3.8% higher than a year earlier, due to expansions in international tourist arrivals and tourism nights. […]
According to preliminary data, the deficit of the general government sector in Hungary in the 1st quarter of 2023 was HUF 1,728 billion, 9.8% of GDP, the Central Statistical Office reports. The balance deteriorated by HUF 1,265 billion, or by 6.8 percentage points as a proportion of the GDP, compared to the same period of […]
The surplus of the external trade in goods amounted to EUR 366 million in April, the adjusted volume of exports decreased by 2.3%, that of imports lessened by 0.3%, compared to March, the Central Statistical Office says in its latest report released this Monday. In April 2023, the volume of exports declined by 1.1% and […]
Industrial producer prices rose by 11.2% on average in Hungary in May 2023 compared to one year earlier, the Central Statistical Office reports. Domestic output prices were up by 36.5% and non-domestic output prices lessened by 1.1%. The large difference was primarily due to the domestic output prices of energy industry – producing goods basically […]
The economic challenges intensified last year, but Hungary continued to catch up with the EU average, with GDP growth of 4.6%, the Hungarian Central Statistical Office (KSH) said in its publication ‘Hungary 2022’, MTI reports. According to the summary published on the KSH website on Tuesday, geopolitical tensions have worsened energy security, increased inflation and […]
The volume of industrial production in Hungary declined in April 2023 by 8.3%, year-on-year, MTI reports quoting data published this Wednesday by the Central Statistical Office. Based on working-day adjusted data production fell by 5.8%. Production dropped in the great majority of the manufacturing subsections, at the same time the production volume increased in the […]
