Tag "KSH"
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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KSH: retail turnover increased by 0.6 percent in January compared to the same period of the previous year, while it did not change compared to the previous month
In January 2024, the volume of retail trade turnover increased by 0.6 percent compared to the same period of the previous year, according to both raw and calendar-adjusted data, the...
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NGM: the weakness of foreign markets is hindering the recovery of industrial performance
According to the data of the Central Statistical Office (KSH), industrial performance decreased by 3.6 percent on an annual basis in January 2024, while a decrease of 1.1 percent was...
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The price of horseradish rose by 4 percent and that of beets by 27 percent
According to KSH data, 8.8-11.1 thousand tons of horseradish were produced in Hungary in recent years on 1100-1400 hectares, the average yield was between 6.7-8.9 thousand tons/hectare. According to KSH data,...
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KSH: In the fourth quarter of 2023, the performance of the economy was unchanged
According to raw data, Hungary’s gross domestic product (GDP) did not change in the fourth quarter of 2023, but according to seasonally and calendar-adjusted and balanced data, it increased by...
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KSH: The volume of exports of food, beverages and tobacco is 5.0 percent higher than that of imports
In December 2023, the volume of exports decreased by 8.4 percent and that of imports by 0.8 percent compared to the same period of the previous year. The foreign trade...
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The price of eggs at the packing point decreased by 18 percent
Based on data from the European Commission, EU (EU27) egg and egg product imports increased by 89 percent to 83,000 tons in January-November 2023 compared to the same period of...
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The processing sales price of cut pork rose
According to the KSH data, Hungary’s live pig export decreased by 16 percent (32 thousand tons) in January-November 2023 compared to the amount in January-November 2022. The main partners were...
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Exports of shelled nuts and nut guts also fell
According to KSH data, the walnut harvest in 2022 was 6.45 thousand tons, 8 percent more than a year earlier. According to experts, the harvest in 2023 was weaker than average....
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Tomatoes have become more expensive
Based on recent data from the KSH, it was revealed that the price of tomatoes and peppers rose significantly in January 2024, and the price of red onions also rose....
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K&H: This year, companies’ sales may increase above inflation
Compared to the previous ones, the companies expect a slightly more modest increase in sales of 7.2 percent, but at the same time a stable increase in profit of 3.8...
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Márton Nagy: the stagnation of GDP is temporary
According to the data of the Central Statistical Office, in the last quarter of 2023 it increased by 0.4 percent on an annual basis, while the performance of the Hungarian...
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KSH: The production of food, beverages and tobacco products, which received 14 percent from the processing industry, was 10.4 percent lower than a year earlier
In December 2023, the volume of industrial production was 13.7 percent lower than a year earlier. Adjusted for the working day effect, production fell by 8.7 percent, the Central Statistical...
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The price of chicken breast fillets decreased by 19 percent
Based on data from the KSH, Hungary’s poultry meat exports increased by 2 percent to 200,000 tons between January and November 2023 compared to the same period of the previous...
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KSH: in January, consumer prices increased by 3.8 percent on average compared to the same month of the previous year
In January 2024, consumer prices were on average 3.8 percent higher than a year earlier. Compared to December, prices rose by an average of 0.7 percent, but clothing items became...
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Analysts are also divided by the recent retail sales and inflation data
Analysts have different points of view on this year’s inflation outlook, and January’s data did not provide a clear picture of the coming months. According to the statement of the...
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GVH: competition dampened food inflation
In 30 months, food inflation measured on an annual basis was not as low as in the first month of 2024. The Central Statistical Office (KSH) announced on Friday that...
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