It will soon become clear whether the mandatory actions made sense

By: Trademagazin Date: 2024. 04. 05. 12:20

In the next few days, a number of important economic data will be published in Hungary. On Tuesday, a quick information on the situation of the central subsystem of the public finances at the end of March will be published. At the end of February, the public finances closed with a deficit of 1,704.0 billion forints, in which the central budget showed a deficit of 1,759.5 billion forints, the separate state funds showed a surplus of 79.0 billion forints, while the financial funds of the social security showed a deficit of 23.5 billion forints. Revenues increased by 11.4 percent and expenses by 11.5 percent compared to the same period of the previous year.

On Thursday, the Central Statistical Office (KSH) will publish the data on the development of consumer prices in March. In February, prices rose by an average of 3.7 percent compared to a year earlier, and by 0.7 percent compared to January, particularly highlighting the 6.7 percent increase in the price of vehicle fuels.

The second estimate of industrial production for February will be published on Friday. According to the first estimate, the volume of industrial production increased by 1.8 percent compared to the same period of the previous year, and by 1.4 percent when adjusted for the working day effect. Based on seasonally and working day-adjusted data, industrial output rose by 3.5 percent compared to January. However, in the first two months of the year, production was 0.9 percent lower than in the same period of 2023.