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Growing Popularity of Hungarian Wines in Europe

D&T
Apr 8, 2023

Hungarian wines are extremely popular in Europe, with a significant proportion of them being sold in Slovakia, Germany and the Czech Republic. Hungarian bottled wines are also very popular in Belgium and Spain, but even China and the United States get plenty of Hungarian wines, the financial website penzcentrum.hu writes. In cask form, the Slovak, […]

Drastic Fall in Retail Trade Volume in Hungary

D&T
Apr 6, 2023

In February 2023, the volume of retail trade in both raw and calendar-adjusted data was 10.1% lower than in the same month of the previous year, the Central Statistical Office reports. In February, calendar-adjusted sales volumes decreased by 8.6% in specialised and non-specialised food shops, by 9.8% in non-food retailing and by 14.5% in automotive […]

Industrial production Down in Hungary by 4,6%

D&T
Apr 5, 2023

The volume of industrial production declined in February 2023 by 4.6% year-on-year in Hungary, the Central Statistical Office reports. The working day adjusted index is equal to the non-adjusted one. According to seasonally and working-day adjusted data industrial output was 0.3% higher than in January 2023. The majority of the manufacturing subsections contributed to the […]

Hungary's 2022 deficit: 6.2% of the GDP

D&T
Apr 4, 2023

According to preliminary data reported by the country's Central Statistical Office (KSH), the deficit of the general government sector in 2022 was HUF 4,159 billion, 6.2% of GDP. The balance deteriorated year-on-year by HUF 209 billion, and improved by 0.9 percentage points as a proportion of GDP. KSH says it reported the data to Eurostat, […]

Hungary's External Trade Deficit Deteriorates

D&T
Apr 1, 2023

The deficit of the external trade in goods in Hungary was EUR 413 million in January, the adjusted volume of export decreased by 0.5%, while that of import increased by 5.0%, compared to December, as shown by a new report by the country's Central Statistical Office (KSH). In January 2023, the volume of export was […]

Industrial Producer Prices Decrease but Still Up Y-on-Y 

D&T
Mar 31, 2023

Industrial producer prices rose by 29.0% on average in February 2023 compared to one year earlier. Domestic output prices were up by 56.4% and non-domestic output prices by 15.8%. The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase occurred, being much larger in […]

Vital Statistics in Hungary Still in the Negative

D&T
Mar 31, 2023

According to preliminary data, 6,526 children were born and 10,760 people died in February 2023. The number of births rose by 7.2%, while the number of deaths lessened by 14% and that of marriages by 45% compared to February 2022, the Central Statistical Office (KSH) reports. In February 2023, a total of 6,526 children were […]

Construction Output Volume Down in Hungary

D&T
Mar 15, 2023

According to raw data the volume of construction output in January 2023 lagged behind the previous year’s level by 3.6%, the Central Statistical Office reports. Out of the main groups of construction the construction of buildings decreased by 4.0 and that of civil engineering by 2.1%. Based on seasonally and working day adjusted indices construction […]

Industrial Production Down by 0.2% in Hungary

D&T
Mar 14, 2023

In January 2023, the volume of industrial production declined by 0.2% year-on-year in Hungary. Based on working-day adjusted data, production dropped by 3.2%, the Central Statistical Office (KSH) reported this Tuesday. Production increased in some manufacturing subsections, with the largest growth in the manufacture of electrical equipment. According to seasonally and working-day adjusted data industrial […]

External Trade Deficit in Goods: EUR 165 Mn in January

D&T
Mar 10, 2023

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 […]

Annual Inflation Rate Still Very High in Hungary

D&T
Mar 8, 2023

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% […]

Decreasing Industrial Production in Hungary

D&T
Mar 7, 2023

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 […]

Sales in Hungarian Retail Shops Fell by 4.5%

D&T
Mar 6, 2023

All three major groups of shops – grocery, non-food and petrol – and even online sales fell in January this year in Hungary. The volume of sales in retail trade decreased by 3.9% according to raw data and by 4.5% when adjusted for calendar effects compared to the same period of the previous year, the […]

Number of Tourism Nights Up by 18% on Pandemic Base

D&T
Mar 4, 2023

In January 2023, 570,000 guests spent 1.4 million tourism nights in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels) in Hungary, the country's Central Statistical Office reports. The number of guests and tourism nights both increased by 18% compared to January 2022. The number of nights spent by domestic guests […]

Hungary's External Trade Deficit EUR 168 Mn, Improving

D&T
Mar 3, 2023

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 […]

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