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Hungary’s Industrial Slump Signals Slow Recession Recovery

D&T
Feb 7, 2025

Hungary’s economic recovery is faltering as industrial output plunged and retail sales stagnated, raising concerns over the country’s ability to rebound from recession. The forint weakened against the euro, adding further pressure to the fragile recovery. Industrial production fell by a workday-adjusted 6.4% in December compared to a year earlier, driven by a downturn in […]

Improvements Worth Over HUF 3.6 Bn at Körber in Pécs

D&T
Dec 5, 2024

Körber Hungária Gépgyártó Ltd. (Körber) has made improvements worth more than HUF 3.6 billion at its Pécs plant in 2024, the German-owned company, which manufactures production lines and components, told MTI on Thursday. Körber, formerly Hauni, which used to mainly manufacture and supply parts for tobacco machinery, but now mainly serves the pharmaceutical industry and […]

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 […]

4th Quarter GDP Data Down on Previous Year

D&T
Feb 16, 2021

Although, economic performance in Hungary grew by 1.1% compared to previous quarter but it decreased by 3.7% compared to a year earlier. The gross domestic product of Hungary went down by 3.7% according to raw data and by 4.3% according to seasonally and calendar adjusted and reconciled data in the 4th quarter of 2020 compared to […]

Industrial Production Growth Slows in August

D&T
Oct 7, 2019

Hungary’s industrial output growth slowed to 2.7% in August from a year earlier, according to data adjusted for calendar effects published by the Central Statistical Office. Under unadjusted data, the rate of expansion was 0.3%. The figure reflects the impact of the economic slowdown in the European Union, Hungary’s main trade partner. In July, the […]

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