Tag "KSH"
KSH: industrial producer prices decreased by 3.0 percent in March 2024 compared to a year earlier
In March 2024, industrial producer prices decreased by 3.0 percent compared to a year earlier, and were essentially unchanged (+0.1 percent) compared to the previous month, the Central Statistical Office...
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Foreign tourists don’t often go anywhere else outside of Budapest
March showed a significant increase in Hungarian tourism statistics, mainly due to the early occurrence of the Easter long weekend. Total guest numbers and overnight stays at tourism accommodations saw...
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KSH: Gross average earnings were HUF 605,400 in February 2024, 14.0 percent higher than a year earlier
In February 2024, the gross average earnings of those employed full-time was HUF 605,400, and the net average earnings calculated with discounts taken into account was HUF 417,100. The gross...
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The volume of beef imports increased by 24 percent
Based on KSH data, Hungary’s live cattle exports increased by 6.2 percent in January 2024 compared to January 2023. The main partners were Kosovo, Croatia, Austria, Turkey and Albania. Hungary’s...
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The processing sales price of Trappist cheese has decreased
The producer price of raw milk, expressed in national currency, decreased by 5 percent in the USA in February 2024, by 6 percent in March 2024 in New Zealand, and...
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Waves in the company trend – the changing faces of liquidations and company formations
Even with decreasing terminations, decreasing numbers of companies in the company trend. The willingness to start a company fell by 30% in March compared to the previous month. Declining new...
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IMF: this year’s outlook for the world economy has improved minimally
According to the International Monetary Fund (IMF), overall, this year’s outlook for the world economy has improved minimally since the organization’s previous forecast in January. According to the revised World...
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KSH: The number of foreign guest workers in Hungary has increased
According to the latest data from the Central Statistical Office (KSH), the number of foreign guest workers in Hungary increased significantly in 2023. In the publication Helyzetkép, 2023 – Labor...
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The processing selling price of wines has increased
According to AKI PÁIR data, the sales price of domestically produced and domestically sold wines without a geographical indication, as well as wines with a protected geographical indication, rose by...
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KSH: industrial production increased by 1.8 percent in February, the largest increase in the production of food, beverages and tobacco products
In February 2024, the volume of industrial production exceeded the previous year by 1.8 percent. Adjusted for the working day effect, production rose by 1.4 percent, the Central Statistics Office...
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GVH: Annual food inflation practically dropped to zero in March
Food inflation measured on an annual basis was 0.7 percent in March 2024, according to data published by the Central Statistical Office (KSH) on Thursday morning. Accordingly, food prices have...
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KSH: in March, consumer prices increased by 3.6 percent on average compared to the same month of the previous year
In March 2024, consumer prices were on average 3.6 percent higher than a year earlier. Compared to February, prices rose by an average of 0.8 percent, telephone and internet services...
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Márton Nagy: inflation collapsed and remained low
Based on the latest data from the Central Statistical Office (KSH), the rate of inflation continued to melt in March 2024, after 3.8 percent in January and 3.7 percent in...
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KSH: in February, retail turnover increased by 1.1 percent compared to the same period of the previous year
In February, according to raw data, the turnover volume of retail trade increased by 4.6 percent, adjusted for the calendar effect (and solar eclipse effect), by 1.1 percent compared to...
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It will soon become clear whether the mandatory actions made sense
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...
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NGM: the recovery of consumption continued in February, on an annual basis, retail sales increased for the second month running
Based on the latest data from the Central Statistical Office, the volume of retail trade in February 2024 increased by 4.6 percent according to raw data and 1.1 percent according...
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KSH: in February, the product foreign trade surplus was 1.7 billion euros
In February, the value of exports calculated in euros was 2.4, and that of imports was 12 percent less than in the same period of the previous year. The product...
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It produced more spring onions, but fewer leeks
According to KSH data, Hungary produced 2.67 thousand tons of new onions (green onions) in 2022, which is 35 percent more than the previous year. Domestic spring onions are offered...
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KSH: industrial producer prices in February 2024 decreased by 4.3 percent compared to a year earlier, and increased by 0.5 percent compared to the previous month
In February 2024, industrial producer prices were on average 4.3 percent lower compared to a year earlier. Domestic sales prices fell by 5.8 percent, export sales by 3.5 percent, the...
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NGM: the performance of the tourism sector is growing dynamically
Based on the latest data from the Central Statistical Office (KSH) and the National Tourist Information Center (NTAK), in February 2024, both the number of guest nights and the number...
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The producer price of lamb rose by 16-18 percent
According to data from the European Commission, the European Union’s sheep and goat imports (live animals and meat) were 170,000 tons in 2023, which represents a 3.7 percent increase compared...
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The price of eggs at the packing point is still lower than last year
Based on data from the KSH, in 2023, Hungary bought 35.5 thousand tons of shell eggs from the international market, almost the same amount as the previous year, within which...
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Lettuce exports increased by more than 50 percent in 2023
According to the KSH data, the area and quantity of lettuce harvested in Hungary has decreased continuously in recent years, but according to the KSH data, an increase was observed...
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Domestic subscription e-commerce could explode
According to industry forecasts, the subscription model of global e-commerce expands by more than 50 percent annually, while in Hungary even greater growth is possible due to the low penetration....
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KSH: industrial production decreased by 3.6 percent
In January 2024, the volume of industrial production was 3.6 percent lower than a year earlier. Adjusted for the working day effect, production fell by 4.1 percent, the Central Statistics...
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Easter eggs can be a third cheaper than last year
By Easter, the average consumer price of eggs can be around HUF 60, which means that customers can get one of the essential staple foods for the holiday one third...
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Live cattle exports decreased by 18 percent in 2023
According to AKI’s slaughter statistics data, cattle slaughter in January 2024, expressed in live weight, decreased by 13 percent compared to January 2023. Cows, which accounted for more than two-thirds of...
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KSH: in February, consumer prices increased by 3.7 percent on average compared to the same month of the previous year
In February 2024, consumer prices were on average 3.7 percent higher than a year earlier. Compared to January, prices rose by an average of 0.7 percent, vehicle fuels rose by...
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GVH: Food inflation has not been as low as in February 2024 in seven years
In the second month of 2024, consumer prices were on average 3.7% higher than a year earlier, and food inflation was even lower, at 2.2%. In addition to government and...
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The reduction of food inflation is also thanks to the online price monitoring system
In addition to the targeted government measures and the actions of the central bank, the moderation of food inflation is due to the active interventions of the Economic Competition Authority...
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