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Industrial Production Up, Construction Output Down

D&T
Feb 13, 2023

In December 2022, the volume of industrial production grew by 2.0% while construction output volume decreased by 3.9% – both year-on-year – in Hungary, the country Central Statistical Office (KSH) reports. While the annual growth figure of industrial production was 2.0%, based on working-day adjusted data, production rose by 5.7%. As KSH explains, compared to […]

27-Year Record Annual Inflation Rate in Hungary: 25,7%

D&T
Feb 10, 2023

Consumer prices were 25.7% higher on average in January 2023 in Hungary 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, the country's Central Statistical Office reports. In one month, consumer prices increased by 2.3% on average. The annual […]

Improving but Still Large External Trade Deficit

D&T
Feb 9, 2023

The value of exports in EUR terms was 12% and that of imports 9.9% larger in December 2022 than in the same period of the previous year. The balance of the external trade in goods improved by EUR 204 million. Compared to the previous month, the level of export in goods decreased by 16% and […]

Industrial Production in Hungary Up by 2%

D&T
Feb 7, 2023

The volume of industrial production grew in December 2022 by 2.0% year-on-year in Hungary, the country’s Central Statistical Office reports. Based on working-day adjusted data, production rose by 5.7%. Compared to crude data, the significant difference is due to the fact that there were two less working-days in December 2022 than in December 2021, the […]

Hungarians Spend Less and Less on Food Items

D&T
Feb 6, 2023

In December 2022, the volume of sales in retail trade decreased by 4.8% according to raw data and by 3.9% when adjusted for calendar effects compared to the same period of the previous year. In December, calendar-adjusted sales volumes decreased by 8.3% in specialised and non-specialised food shops and by 0.4% in non-food retailing and […]

Huge Deficit in the External Trade of Goods

D&T
Feb 1, 2023

In November 2022, the volume of export was 9.5% and that of import was 15% higher than in the same period of the previous year. The deficit was EUR 1 billion 415 million, the balance deteriorating by EUR 1 billion 372 million year-on-year, the Central Statistical Office reports. Compared to October, the seasonally and working-day […]

Industrial Producer Prices Increase by 34.9%

D&T
Jan 31, 2023

Industrial producer prices rose by 34.9% on average in December 2022 compared to one year earlier. Domestic output prices were up by 62.9% and non-domestic output prices by 20.7%, the Central Statistical Office reports. The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase […]

Hungary's Population Continues to Decrease

D&T
Jan 27, 2023

7,366 children were born and 11,940 people lost their lives in December, which means a natural decrease of 4,574 compared to the previous month and 45,300 in the year 2022, the Central Statistical Office reports. In 2022, the number of births diminished by 5.0%, that of deaths by 13% and the number of marriages by […]

Construction Output Volume Up on Pandemic Base

D&T
Jan 16, 2023

According to raw data, the volume of construction output in Hungary in November 2022 surpassed the previous year’s level by 7.0%, the Central Statistical Office reports. Out of the main groups of construction the output of construction of buildings increased by 18.6%, that of civil engineering decreased by 6.9%. Based on seasonally and working day […]

Number of Tourism Nights Up on Pandemic Base

D&T
Jan 12, 2023

In November 2022, 691,000 guests spent 1.7 million tourism nights in commercial accommodation establishments (hotels, boarding houses, camping sites, bungalow complexes and community hostels). The number of guests rose by 17% and that of nights by 7.8% compared to the same period of the previous year, the Central Statistical Office reports. Compared to November 2021, […]

Statistical Office Reports Huge Foreign Trade Deficit

D&T
Jan 9, 2023

The value of exports in EUR terms was 18% and that of imports 29% larger in November 2022 than in the same period of the previous year. The balance of the Hungary’s external trade in goods deteriorated by EUR 1.2 billion, according to data published by the country’s Central Statistical Office this Monday. Compared to […]

Industrial Producer Prices Up by 37% in Hungary

D&T
Jan 5, 2023

Industrial producer prices rose by 37.0% on average in November 2022 compared to one year earlier. Domestic output prices were 63.7% and non-domestic output prices 23.4% higher, the Central Statistical Office reports. The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase occurred, being […]

3.7% Deficit in Proportion of GDP in Quarters 1-3, 2022

D&T
Jan 3, 2023

According to preliminary data, the deficit of the general government sector in the 1st–3rd quarters of 2022 was HUF 1,825 billion, 3.7% of GDP, the country's Central Statistical Office reports. The balance improved by HUF 366 billion, or by 1.7 percentage points as a proportion of GDP compared to the same period of the previous […]

Shortage of Doctors Getting Worse in Hungary

D&T
Dec 29, 2022

There are more and more vacant posts in healthcare, more and more patients per family doctor, while the number of pediatric practices is decreasing, according to an analysis by the Central Statistical Office (KSH) reviewed by the financial website portfolio.hu. GP services are not always available locally for people living in the smallest settlements. 10% […]

Increasing Deficit of the External Trade in Goods

D&T
Dec 22, 2022

The deficit of the external trade in goods was EUR 923 million in October, the adjusted volume of export and import decreased by same extent by 2.3% compared to September, the Central Statistical Office reports. In October 2022, the volume of export was 11% and that of import was 7.6% higher than in the same […]

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