Tag "magyar gazdaság"
The foreign trade balance turned into a deficit
In July, the value of exports in euros was 10.0, while imports were 14.7 percent higher than a year before. The foreign trade balance deteriorated by 379 million euros, compared...
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London analysts: Hungarian economy’s growth rate could reach 7 percent the this year
According to a recent forecast by London macroeconomic analysts, this year’s full-year growth rate of the Hungarian economy could reach 7 percent. London analysts say Hungarian economy could grow up...
Read moreAnalysts: the performance of the Hungarian economy is balanced and exceededs pre-pandemic levels
The performance of the Hungarian economy in the second quarter exceeded not only the level of the second quarter of 2019, but also of the last quarter before the pandemic,...
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KSH: industrial production grew by 7.3 percentage points and services by 7.0 percentage points in the second quarter
The volume of gross domestic product (GDP) increased by 17.9 percent in the second quarter, compared to the same period last year, the Central Statistical Office (KSH) confirmed on Wednesday...
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Imports grew faster than exports
In June, the value of exports in euros increased by 21.8 percent, imports by 25.1 percent, and the export surplus of 629 million euros was 98 million less than a...
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KSH: earnings increased in June
In June, both gross and net average earnings excluding benefits increased by 3.5 percent from a year before. Net earnings, taking into account discounts increased by 3.1 percent, the Central...
Read moreInvestments are on historical peak
The volume of investments rose to an unprecedented level in the second quarter, when 2,760 billion HUF worth of development was implemented in Hungary, Minister of Finance Varga Mihály said...
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Analysts wage competition in a tight labor market also carries inflationary risks
In addition to the lifting of restrictions in the third wave and the recovery of the service sector, seasonal factors also helped achieve a historic employment level in July. However,...
Read moreBusinesses can continue to apply for the Hungarian Multi Program funding of one hundred billion forints
The government’s goal is 5.5 percent economic growth, so we are devoting more resources to the Hungarian Multi Program than ever before to help promising domestic businesses become large companies....
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KSH: the number of employees was 4.7 million in July
In July, the average monthly number of employees aged 15-74 was 4,704,000, the Central Statistical Office (KSH) announced on Friday. The figure is 12,000 more than in the previous month...
Read moreKSH: GDP grew by 17.9 percent year-on-year in the second quarter
In the second quarter, Hungary’s gross domestic product (GDP) was 17.9 percent higher than a year before, according to raw data, and 17.7 percent higher, according to seasonally and calendar-adjusted...
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Analysts: inflationary pressures are still present in the economy
Growth in domestic consumer prices slowed in July, but inflationary pressures remain in the economy, according to analysts interviewed by MTI. The Central Statistical Office (KSH) announced on Tuesday that...
Read moreMKIK-GVI: Business confidence is constantly improving in Hungary
The level of business confidence in Hungary is continuously improving after the spring 2020 low, compared to April 2021. The quarterly economic growth index of the MKIK Institute of Economics...
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Inflation has moderated
In July, consumer prices were on average 4.6 percent higher than a year before, and the prices of alcoholic beverages, tobacco and fuel have risen significantly in the past year,...
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Varga Mihály: the higher level of inflation is temporary
The higher level of inflation is temporary, if the central bank uses its existing assets, then inflation may return to the 3 percent range in 2022, the Minister of Finance...
Read moreMLBKT: the purchasing manager index continued to rise
The seasonally adjusted Purchasing Managers ’Index (PMI) for July rose to 55.6 from 55.0 points in June. According to this, the respondents reported more favorable developments in the fourth month,...
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KSH: earnings continued to grow
Earnings rose 8.2 percent in May from a year before. The average gross earnings of full-time employees of enterprises with at least 5 employees, budgetary institutions and non-profit organizations significant...
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KSH: The number of employees increased in June
In June, the average monthly number of employees increased by 85,000, compared to the previous month, and by 98,000 compared to June last year, reaching 4,692,000, the Central Statistical Office...
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Fitch Ratings confirmed Hungary’s sovereign debt rating with a stable outlook
Fitch Ratings confirmed Hungary’s foreign currency-denominated long-term public debt obligations at the “BBB” level, with an investment recommendation, with an unchanged stable outlook. Among other things, the international credit rating...
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Századvég: only the households’ economic sentiment improved
Households’ sentiment improved slightly, as in the previous month (on a scale of minus 100 to plus 100) from -6.2 to -5.7 points; meanwhile, the Századvég Economic Researcher told MTI...
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Analysts: inflation is worse than expected
According to analysts interviewed by MTI Inflation turned out worse than expected in June. The expect the central bank to continue raising interest rates. According to a report by the...
Read moreK&H Bank: The expectations of SMEs are on a 17-year peak
The K&H Bank’s SME Confidence Index rose by twenty points, to the most optimistic value of a survey examining the expectations of Hungarian small and medium-sized enterprises for 17 years....
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KSH: prices increased by 5.3 percent on an annual basis In June
In June, consumer prices were on average 5.3 percent higher than a year before, and the prices of alcoholic beverages, tobacco and fuel have risen significantly in the past year,...
Read moreKopint-Tárki expects higher economic growth compared to its previous forecast
Kopint-Tárki expects GDP growth of 5-5.5 percent this year, instead of the 4.5 percent indicated in April, according to the latest business report published on the research institute’s website. In...
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Analysts expect further growth in retail sales
Analysts interviewed by MTI expect further growth in retail sales in the coming months, commenting on the latest data. The Central Statistical Office (KSH) announced on Tuesday that in May,...
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KSH: retail sales increased on an annual basis
In May, the volume of retail trade turnover was 5.8 percent higher than in the same period of the previous year, according to both raw and calendar-adjusted data, the Central...
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MLBKT: The confidence index strengthened in June
The seasonally adjusted value of the Purchasing Managers’ Index (PMI) in June was 54.7 points, further rising from 53.1 points in May, and the sixth highest value in June since...
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KSH: earnings achieved double-digit growth again
In April, the average gross earnings of full-time employees were 440,600 HUF, and the net average earnings excluding benefits were 293,000 HUF, both 10.1 percent higher than a year before,...
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Analysts: a labor-scarce wage-competitive economy to come again
As early as the middle of the year, the labor shortage economic environment may return, in which companies will be forced to raise wages again – a conclusion reached by...
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