Analysts: domestic demand increases imports
Internal consumption and investments drive imports, while export growth has slowed considerably in August, which reduced the foreign trade surplus according to MTI analysts.
According to the first estimate of the Central Statistical Office (KSH) published on Tuesday, the value of exports in euro increased by just 0.9 percent in August, compared with a year before, following a peak of 11.4 percent in July. (MTI)
Related news
Hungary has been in the EU for 20 years: how has foreign trade changed?
On May 1, 2004, ten new states joined the European…
Read more >IMF: this year’s outlook for the world economy has improved minimally
According to the International Monetary Fund (IMF), overall, this year’s…
Read more >KSH: The number of foreign guest workers in Hungary has increased
According to the latest data from the Central Statistical Office…
Read more >Related news
IGD: Retail media and increased efficiency will be important in 2024
This article sets out to summarise the retail trend predictions…
Read more >Vegan activist on Forbes’ prestigious “30 successful Hungarians under 30” list
Raul Vida, the founder of Prove magazine, is the first…
Read more >UEFA and Just Eat Takeaway extend partnership
Just Eat Takeaway has extended its partnership with the UEFA…
Read more >