Tag "KSH"
Analysts: the rise in wages lays the foundations for retail sales growth
In July, after two months of modest growth, retail business turnover increased dynamically again. The double-digit wage growth predicting continued sustained growth in consumption and retail, thereby remaining an important...
Read moreKSH: retail sales growth accelerated further
According to the raw data, retail sales grew 6.9 percent in July, while calendary effect adjusted by 6.4 percent, compared to the same period of the previous year, following the...
Read moreKSH: export surplus was 488 million euros in June
In June, the value of exports in euro terms fell by 7.3 percent, while the value of imports fell by 2.3 percent, and the export surplus of 488 million euros...
Read moreKSH: services and investments contributed the most to the GDP growth in the second quarter
Gross domestic product (GDP) increased by 4.9 percent in the second quarter compared to the same period of last year, up 1.1 percent from the previous quarter, according to the...
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Analysts: wages increased significantly in June
Wages increased significantly in June. The growth is mostly influenced by the continued strong demand for labor, analysts say. The Central Statistics Office announced on Friday that in June gross...
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KSH: earnings continued to rise
In June, average gross earnings were 364,800 HUF, 10.6 percent higher than the year before – the Central Statistical Office (KSH) told MTI on Friday. According to the data of...
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Investments increased by 18.8 percent in the second quarter
In the second quarter, the dynamic expansion of national investments continued throughout the year. The volume of developments was 18.8 percent above last year’s level of 16.2 percent – the...
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The number of employees continued to increase
During the three-month period of May-July, the average number of employees was 4 million 518 thousand, 34 thousand, or 0.8 percent more than a year before. The employment rate of...
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Statistical data about the hospitality sector in 2018
Károly Zerényi, a member the Guild of Hungarian Restaurateurs’ (MVI) body of representatives has prepared a report on the performance of Hungary’s hospitality sector in 2018, based on the new-methodology...
Read moreAnalysts: GDP growth outperformed expectations in the second quarter
The second quarter GDP growth has outperformed market expectations. Analysts interviewed by MTI are expecting faster growth for the year as a whole than the government and the central bank....
Read moreKSH: GDP increased by 4.9 percent in the second quarter
Hungary’s gross domestic product (GDP) grew by 4.9 percent in the second quarter and by 5.1 percent in the second quarter, according to seasonally and calendar-adjusted and balanced data, compared...
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KSH: the rise in agricultural producer prices accelerated further in June
In June, agricultural producer prices increased by an average 10.5 percent, compared to the average of the previous year. The annual increase in crop and horticultural products jumped from the...
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KSH: the revenues of commercial accomodiations increased by 13.3 percent in June
In June, the number of foreign visitors increased by 5.0 percent, while the number of guest nights increased by 3.7 percent, the number of domestic guests increased by 2.8 percent...
Read moreConsumer prices increased by 3.3 percent in July
In July, consumer prices were 3.3 percent higher on average year-on-year, and were 0.2 percent higher compared to June – according to the Central Statistical Office (KSH). Inflation declined further,...
Read moreThe first-half annual export surplus is 3.3 billion euros
In the first half of the year, the value of exports in euros increased by 3.2 percent and imports by 5.0 percent. The export trade surplus was 3,328 billion euros,...
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Analysts: industrial production data indicate a slowdown in economic growth
Economic growth peaked in the first quarter and a slowdown in GDP growth started in the second quarter, according to analysts interviewed by MTI on the first estimate on industrial...
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More hens, less pigs
The number of pigs in Hungary decreased by about 20,000 compared to a year ago, and by nearly 32,000 compared to December last year. The number of hens increased by...
Read moreKSH: retail sales increased by 5.2 percent in June
According to the raw data retail sales grew by 4.3 percent in June. The calendar effect adjusted growth became 5.2 percent year-on-year – the Central Statistical Office (KSH) announced on...
Read moreKSH: exports increased more than imports in May
In May, exports were up 4.6 percent year-on-year and imports were up 2.9 percent year-on-year, so the monthly export surplus became 674 million euros, 181 million euros more – according...
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KSH: double-digit earnings growth again in May
In May, gross and net average earnings were 11.2 percent higher than a year before. After the 9.0 percent growth in April a double-digit growth occured in May. Excluding the...
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KSH: unemployment fell to 3.3 percent in the second quarter
In April-June, the average number of unemployed was 155,000, and the unemployment rate was 3.3 percent, a new record after the 3.4 percent of a month before. The indicators of...
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KSH: employment continued to grow in the second quarter
The average number of employees in the April-June period was 4 million 511,000, u 36,000 more than a year before. The average number of employees also exceeded 4.5 million in...
Read moreHungary is getting closer to the average of the EU in Internet availability
In 2018, 83 percent of the Hungarian households had Internet access and 58 percent of people used their mobile phones to access the Internet – Világgazdaság Online wrote on the...
Read moreDomestic destinations are popular
According to the KSH, the price of domestic holidays increased by 8 percent in one year, however, according to a survey, the number of Hungarians planning a vacation increased from...
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KSH: fewer employees in tourism but better wages last year
Last year the businesses in the accommodation and hospitality sector employed 180,000 employees, 4.9 percent percent less people, compared to the previous year. The average earnings of employees increased by...
Read moreHungarians traveled more abroad and to Hungary than last year
Similarly to previous years, the number of domestic and foreign trips by Hungarians continued to increase – according to the sectoral analysis of the Central Statistical Office (KSH). According to...
Read moreHungarians are spending more and more, but traders are in a difficult situation
Payments are rising throughout the country. As a side effect a 10 percent increase in retail sales occured in 2018, compared to the previous year, according to the data of...
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KSH: the increase in agricultural producer prices slowed down in May
The annual increase in crop production prices decreased to 3.5 percent in May, from the 6.8 percent of April. While the increase in prices for live animals and animal products...
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In May, the turnover of hotels decreased by 2.4 percent
In May, foreign guests spent 1.6 percent fewer guest nights in commercial accommodations in Hungary, while the number of nights spent by domestic residents decreased by 3.4 percent, compared to...
Read moreAnalysts expect annual inflation of around 3.5 percent
This year, analysts interviewed by MTI are expecting 3.3-3.5 percent inflation based on the latest KSH data and do not expect significant monetary tightening from the central bank in 2019....
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