A further increase in wages is expected by analysts
A further increase in wages is expected by analysts interviewed by MTI, who foresee that household consumption will be the driving force of economic growth.
According to data published on Friday by the Central Statistical Office (KSH), the gross average earnings in June were 5.7 percent higher than a year earlier, while the net average wages increased by 7.3 percent due to changes in the personal income tax rules. (MTI)
Related news
KSH: industrial production stagnated in March
In March 2025, the volume of industrial production remained at…
Read more >NGM: the “150 new factories” program helps restore industrial production
According to data from the Central Statistical Office, the volume…
Read more >KSH: retail turnover exceeded the same period of the previous year by 0.4 percent, decreased by 0.5 percent compared to the previous month
In March, the volume of retail sales in Hungary decreased…
Read more >Related news
Hungarian livestock farmers must also pay attention to the protection against African swine fever that has appeared in Slovakia
In connection with the African swine fever (ASF) outbreak in…
Read more >Hydrate smartly, sip mindfully!
This article is available for reading in Trade magazin 2025/5.…
Read more >April inflation was higher than expected
In April, annual inflation was 4.2 percent, and prices rose…
Read more >