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External Trade Surplus in Goods: EUR 308 Mn

D&T
Jun 11, 2023

The value of Hungarian exports was 3.4% higher, while that of import 4.0% lower in EUR terms in April 2023 than in the same period of the previous year, MTI reported quoting official figures by the Central Statistical Office. The balance of the Hungarian economy’s external trade in goods improved by EUR 836 million. Compared […]

Annual Inflation Rate at 21,5%, Monthly Rate Down

D&T
Jun 8, 2023

Consumer prices were 21.5% higher on average in May 2023 than a year earlier, MTI has quoted official figures published by the Central Statistical Office (KSH). In one month, consumer prices decreased by 0.4% on average. The highest price rises were measured for electricity, gas and other fuels as well as food over the last […]

Industrial Production Down in Hungary by 8.3%

D&T
Jun 7, 2023

The volume of industrial production dropped in April 2023 by 8.3% year-on-year. Based on working-day adjusted data production declined by 5.8%, MTI quoted figures reported by the Central Statistical Office on Wednesday. Transport and electrical equipment production increased. According to seasonally and working-day adjusted data, industrial output was 2.5% lower than in March 2023. Production […]

Sales in Hungarian Retail Shops Fell by 12.6%

D&T
Jun 6, 2023

In April 2023, the volume of sales in retail trade – along with a significant base effect - decreased by 13.6% according to raw data and by 12.6% when adjusted for calendar effects compared to the same period of the previous years. It is reported to be largest decrease in Europe. Calendar-adjusted sales volumes decreased […]

Surplus in External Trade – Exports and Imports Down

D&T
Jun 2, 2023

In March 2023, the volume of Hungarian exports grew by 10% and that of imports by 1,6% compared to the same period of the previous year, the Central Statistical Office (KSH) has reported. The surplus of the external trade in goods was EUR 886 million, the balance improved by EUR 1.7 billion year-on-year. Compared to […]

Number of Tourism Nights Up Year-On-Year

D&T
Jun 1, 2023

In April 2023, 1.2 million guests spent 2.9 million tourism nights in tourist accommodation establishments (commercial, private and other accommodation). The number of guests was 6.7% and that of tourism nights 1.2% higher than a year earlier, thanks to an expansion in foreign visitor turnover, MTI quoted figures by the Hungarian Central Statistical Office (KSH). […]

Hungary's Population Continues to Decrease

D&T
May 25, 2023

According to preliminary data by the Central Statistical Office (KSH) of Hungary, 6,352 children were born and 10,096 people died in April 2023. The number of births lessened by 2.7% that of deaths by 10% and marriages by 31% compared to April 2022. The current population of the country is estimated by KSH to be […]

Hungarian Economic Performance Slightly Down

D&T
May 16, 2023

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 […]

Further Decrease in Construction Output Volume

D&T
May 15, 2023

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 […]

Hungarian Industrial Production Down in March

D&T
May 12, 2023

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 […]

Annual Inflation Rate in April: 24%

D&T
May 10, 2023

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%), […]

Slight Decrease in the Number of Tourism Nights

D&T
Apr 14, 2023

The number of guests in commercial accommodation decreased by 1% and the number of nights spent decreased by 0.4% in February 2023 compared to February 2022. The number of domestic guests decreased, while the number of foreign guests increased, according to data by the Hungarian Central Statistical Office (KSH). The published figures suggest that 552,000 […]

Industrial Production in Hungary Down by 4.6%

D&T
Apr 13, 2023

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 […]

Hungary's Annual Inflation Rate Still Very High: 25.2%

D&T
Apr 12, 2023

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. […]

External Trade Surplus in Goods in Hungary

D&T
Apr 10, 2023

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 […]

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