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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 […]

Hungary's Population Continues to Decrease

D&T
Dec 19, 2022

In November 2022, 7,040 children were born and 10,220 people died in Hungary according to preliminary data by the country's Central Statistical Office. In the last twelve months, i.e. between December 2021 and November 2022, the number of births diminished by 5.2%, that of deaths by 11% and the number of marriages by 7.6% compared […]

Industrial Production Down on Last Month but Up Y/Y

D&T
Dec 14, 2022

In October 2022, the volume of industrial production grew by 5.9% year-on-year in Hungary. Based on working-day adjusted data production rose by 5.1%, the Central Statistical Office reports. The volume of production increased in the majority of the manufacturing subsections, at the highest rate in the manufacture of electrical equipment. According to seasonally and working-day […]

New Inflation Record in Hungary

D&T
Dec 8, 2022

The annual inflation rate in Hungary was 22.5% in November, another record high for more than twenty years. As in previous months, food and energy were again the most expensive items, but this figure does not include the impact of scrapping the capped gas(oline) prices, which will only be felt in January. In one month, […]

Fuel Sales Help Hungarian Retail Trade Figures

D&T
Dec 5, 2022

In October 2022, the volume of retail trade in both raw and calendar-adjusted data was 0.6% higher than in the same month of the previous year in Hungary, the Central Statistical Office reports. Details reveal that that in October, calendar-adjusted sales volumes decreased by 5.6% in specialized and non-specialized food shops and by 0.9% in […]

Increasing Deficit of the External Trade in Goods

D&T
Dec 1, 2022

In September 2022, the volume of export was 14% and that of import was 10% higher than in the same period of the previous year. The deficit was EUR 745 million, the balance deteriorating by EUR 663 million year-on-year, the Hungarian Central Statistical Office reports. In September 2022, the value of export amounted to EUR […]

Industrial Producer Prices Increase by 41.7%

D&T
Nov 30, 2022

Industrial producer prices rose by 41.7% on average in October 2022 compared to one year earlier. Domestic output prices were 67.7% and non-domestic output prices 28.4% higher, the Central Statistical Office reports. The faster growth in domestic output prices was due to the fact that the share of the energy industry, which has seen significant […]

Natural Decrease of Hungarian Population Continues

D&T
Nov 28, 2022

In October 2022, 7,361 children were born and 10,808 people died according to preliminary data published by the Central Statistical Office this Monday. In the last twelve months, i.e. between November 2021 and October 2022, the number of births diminished by 3.9%, that of deaths by 8.3% and the number of marriages by 6.4% compared […]

GDP Down on Second Quarter, Up on 2021 Pandemic Base

D&T
Nov 15, 2022

Hungary’s gross domestic product diminished by 0.4% between July and September this year compared to the previous quarter according to seasonally and calendar adjusted and reconciled data reported by the the Central Statistical Office. The report added that in the 3rd quarter of 2022, the economic performance increased by 4.0% according to raw data and […]

Agricultural Producer Price Inflation Up Significantly

D&T
Nov 12, 2022

Agricultural producer prices were on average 61.0% higher in September than a year earlier, with the rate of increase jumping by 8.1 percentage points after 2.2 percentage points in August, according to the latest data released by the Hungarian Central Statistical Office (KSH) . The purchase price of live animals was 69.2% higher than in […]

Hungary's External Trade Deficit in Goods Keeps Growing

D&T
Nov 10, 2022

The value of exports in EUR terms was 28% and that of imports 33% larger in September 2022 than in the same period of the previous year. The balance of the external trade in goods deteriorated by EUR 570 million. Compared to the previous month, the level of export in goods increased by 15% and […]

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