ksh
March 11, 2010, 09:33 CET
Hungary posts trade surplus of €290 million in January
Hungary had a EUR 290.4m trade surplus in January 2010 as against a EUR 200m deficit a year earlier, the Central Statistics Office said in a first reading on Thursday. Following exports, now imports also started to rise yr/yr. The... [read complete entry]
March 10, 2010, 09:38 CET
Hungary GDP down 4% year-on-year in Q4, drops 6.3% in 2009
Hungary's gross domestic product (GDP) fell by 0.4pc in the fourth quarter of 2009 from the third quarter according to seasonally and calendar-adjusted figures, and fell an unadjusted 4.0pc and a workday-adjusted 4.1pc from Q4 2008, unchanged from the preliminary... [read complete entry]
March 09, 2010, 09:36 CET
Otthon Centrum sees Hungary housing market growing 5% in 2010
Otthon Centrum expects Hungary's home market to grow around 5pc in 2010 after bottoming out in 2009, but it sees home prices stagnating, the real estate broker told MTI on Monday. The number of building permits issued for homes plunged... [read complete entry]
March 09, 2010, 09:35 CET
Hungarian industrial output rises adjusted 5.7% in January
Hungary's industrial output rose an unadjusted 3.4pc and a workday-adjusted 5.7pc in the twelve months to January 2010, the Central Statistics Office (KSH) said in a first reading on Tuesday. The unadjusted twelve-month decline in industrial output, exports and domestic... [read complete entry]
March 08, 2010, 09:44 CET
Internet subscriptions increase 20.4% in year to end of 2009
There were 2.783m internet subscriptions in Hungary at the end December 2008, up 7.3pc from the end of September and up 20.4pc in twelve months, the Central Statistics Office (KSH) reported on Tuesday. The rise came after a 26.1pc increase... [read complete entry]
March 05, 2010, 09:43 CET
Hungary 2009 trade surplus revised down to €3.98 billion in 2nd reading
Hungary had a EUR 375m trade surplus in December and posted a EUR 3.979bn trade surplus in the full year of 2009, the Central Statistics Office said in a second reading published on Thursday. The December figure is unchanged but... [read complete entry]
March 03, 2010, 10:01 CET
Hungary among TOP 50 destinations for Chinese tourists
Hungary has been featured for the first time on a TOP 50 list of the most popular destinations of Chinese tourists compiled by the Chinese publication Best of Tourism, state tourism agency Magyar Turizmus. Hungary took 47th place among the... [read complete entry]
March 01, 2010, 09:47 CET
Spa towns most popular tourism destinations in Hungary after Budapest
The spa towns of Heviz and Hajduszoboszlo were the most popular destinations for tourists in Hungary after Budapest last year, state tourism agency Magyar Turizmus told MTI on Friday, citing data from the Central Statistics Office (KSH). In fourth place... [read complete entry]
March 01, 2010, 09:46 CET
Analysts forecast investments unlikely to improve noticeably in 2010
Investments are not likely to improve noticeably in 2010 after plunging in 2009, analysts told MTI on Friday after the Central Statistics Office (KSH) published fresh data. Investment volume in Hungary fell 11pc in Q4 from the same period a... [read complete entry]
March 01, 2010, 09:37 CET
Hungary unemployment rate likely to peak around 11%, analysts say
Hungary's unemployment rate is likely to rise further in the coming months, peaking around 11pc in the middle of the year, analysts told MTI on Friday after the Central Statistics Office (KSH) published fresh data. Hungary's average unemployment rate was... [read complete entry]
February 26, 2010, 10:00 CET
Hungary unemployment rate rises to 10.8% in Nov-Jan
Hungary's average unemployment rate was 10.8pc in November-January, the Central Statistics Office (KSH) said on Friday. In October-December the rate was 10.5pc, unchanged from September-November. The number of unemployed in the 15-74 age group grew to 456,000 in November-January from... [read complete entry]
February 24, 2010, 10:17 CET
Completed home permits down 11%, home building permits plunge 35% in 2009
The number of completed new homes in Hungary for which permits were issued fell 11pc to 32,000 in 2009, while the number of building permits issued for homes plunged 35pc to 28,400, the Central Statistics Office (KSH) said on Wednesday.... [read complete entry]
February 24, 2010, 10:16 CET
Hungary retail sales drop slows to 7.4% in December
Retail sales volume in Hungary fell a calendar year-adjusted 7.4pc in December slowing from a 7.8pc decline in November, the Central Statistics Office (KSH) said on Wednesday. Twelve-month retail sales volume has dropped every month since February 2007. It fell... [read complete entry]
February 23, 2010, 09:44 CET
Central bank forecasts 0.2% GDP decline, 4.4% CPI for 2010
The National Bank of Hungary (NBH) forecasts Hungary's GDP to inch down 0.2pc in 2010 and it puts average annual inflation for the year at 4.4pc, the bank said on Monday, citing the main figures of its fresh quarterly inflation... [read complete entry]
February 23, 2010, 09:33 CET
Number of foreign visitors to Hungary rises 2.7% in Q4 2009
The number of foreign visitors in Hungary was up 2.7pc at 40.62m in 2009, while the number of Hungarians travelling abroad fell 3.0pc to 16.90m, the Central Statistics Office (KSH) said on Monday. The number of foreign visitors to Hungary... [read complete entry]
February 22, 2010, 10:26 CET
State tourism agency campaigns bring more Austrians to Hungary
The number of Austrian tourists who visited Hungary rose 4pc to 723,000 in 2009, thanks to campaigns by Magyar Turizmus, the state tourism agency said, citing preliminary data compiled by the Central Statistics Office. The number of guest nights spent... [read complete entry]
February 22, 2010, 10:23 CET
Effects of crisis distort wage data, analysts say
The effects of the economic crisis distorted wage data in Hungary last year, analysts told MTI on Friday, after fresh December figures were published. Real wages in Hungary fell 2.4pc in January-December, inching up 0.2pc in the private sector, but... [read complete entry]
February 17, 2010, 10:32 CET
Hungarian farmgate prices drop 9.5% in 2009, terms of trade worsen 3.9%
Farmgate prices in Hungary went down 9.5 percent in 2009 as crop prices fell 12.7 percent and livestock and animal product prices dropped 4.6 percent on the previous year, the Central Statistical Office (KSH) reported on Tuesday. Farmers' terms of... [read complete entry]
February 16, 2010, 09:35 CET
Analyst forecasts 5% growth in industrial output this year
Analyst Gyorgy Barta of CIB Bank said he expects industrial output to grow around 5pc for all of 2010 despite uncertain factors such as the performance of German industry this year, Mr Barta told MTI following the publication of finalised... [read complete entry]
February 15, 2010, 10:45 CET
Hungary industrial output up 1% in December, down 17.7% in 2009
Hungary's industrial output rose an unadjusted 1pc and was down a workday-adjusted 1.4pc in the twelve months to December 2009, unchanged from a first reading, the Central Statistics Office (KSH) said on Monday. Unadjusted output rose yr/yr for the first... [read complete entry]
February 15, 2010, 10:29 CET
Hungary's economy contracts 4% year-on-year in Q4 2009
Hungary's economy contracted by an annual 4 percent in the fourth quarter of 2009, preliminary figures of the Central Statistical Office (KSH) on Friday showed. Gross domestic product shrank by 7.1 percent in the third quarter. In the full year... [read complete entry]
February 12, 2010, 10:13 CET
Hungary GDP down 6.3% in 2009
Hungary's gross domestic product (GDP) fell by 0.4pc in the fourth quarter of 2009 from the third quarter according to seasonally and calendar-adjusted figures, and fell an unadjusted 4.0pc and a workday-adjusted 4.1pc from Q4 2008, the Central Statistics Office... [read complete entry]
February 08, 2010, 10:22 CET
Hungary guest nights drop 7% year-on-year in December
Guest nights spent at commercial accommodations in Hungary fell 7.0pc to 913,000 in December 2009 from a year earlier, the Central Statistics Office (KSH) said on Monday. Foreign guest nights fell less, by 3.5pc to 441,000 in December and domestic... [read complete entry]
January 29, 2010, 10:07 CET
Hungary unemployment rate in Q4 stable at 10.5%
Hungary's three-month rolling unemployment rate was stable at 10.5 percent in the fourth quarter of 2009, the Central Statistical Office (KSH) said on Friday. The jobless rate was 8 percent in the same period a year earlier. The number of... [read complete entry]
January 19, 2010, 09:30 CET
Hungary construction sector output inches down 14.5% in Nov
Output of Hungary's construction sector fell 14.5pc according to both adjusted and unadjusted figures in November from the same month a year earlier, accelerating from a decline of 2.4pc in October, the Central Statistics Office (KSH) said on Monday. In... [read complete entry]
January 15, 2010, 10:46 CET
Hungary Nov industry output falls 7% year-on-year
Hungary's industrial output fell by an annual 7 percent in November, unchanged from the preliminary figure, the Central Statistical Office (KSH) said on Friday. Working day adjusted output dropped an annual 9.2 percent compared to the preliminary estimate of a... [read complete entry]
January 14, 2010, 10:47 CET
Hungary inflation picks up to 5.6% in December
Hungary's annual consumer price inflation accelerated to 5.6 percent in December from 5.2 percent in November, the Central Statistical Office (KSH) said on Thursday. The twelve-month December figure was roughly in line with the 5.64 pc consensus in a poll... [read complete entry]
January 11, 2010, 10:49 CET
Guest nights drop 10.7% year-on-year in November
Guest nights spent at commercial accommodations by Hungarian and foreign tourists fell 10.7pc to 1,003 m in November from a year earlier, the Central Statistics Office (KSH) said on Monday. The fall widened from October when it sank 8.2pc year-on-year... [read complete entry]
January 11, 2010, 10:48 CET
Hungary shows preliminary trade surplus of €411 million in November
Hungary had a 411m EUR trade surplus at current prices in November, smaller than the EUR 471m surplus in October, the Central Statistics Office said in a first reading published on Monday. The preliminary surplus compared to a surplus of... [read complete entry]
January 08, 2010, 11:12 CET
Drop in industrial output slows further in November
Hungary's industrial output fell an unadjusted 7.0pc and a workday-adjusted 9.3pc in November from the same month a year earlier, the Central Statistics Office (KSH) said on Friday. The decline slowed from an unadjusted 12.9pc and an adjusted 10.8pc in... [read complete entry]
December 21, 2009, 10:51 CET
Falling domestic consumption weighs down Hungary's GDP
While global economic indicators seemed to bottom out in the first half of the year, the slowdown in the external downturn was hardly perceivable in Hungary's economic performance, which was held back by falling domestic consumption, even as the effect... [read complete entry]
December 09, 2009, 10:27 CET
Court rules Statistics Office must make deficit figures available to public
The Budapest Court of Appeals on Wednesday ruled that the Central Statistics Office (KSH) must ensure public access to the excessive deficit procedure (EDP) reports it sends to Eurostat, not just the final form of the reports published after Eurostat's... [read complete entry]
December 09, 2009, 10:08 CET
One-fifth of Hungarian employers plan layoffs next year
Almost one-fifth of Hungarian employers plan to cut staff in the first quarter of 2010, according to a survey by global staffing company Manpower. While 19 percent of the 750 employers surveyed by Manpower said they would reduce staff, just... [read complete entry]
November 27, 2009, 10:31 CET
Investment volume tumbles 9% in Q3 in Hungary
Investment volume in Hungary dropped 8.9pc year-on-year in the third quarter of 2009, figures published by the Central Statistics Office (KSH) on Friday show. The yr/yr fall, continuing now for the seventh quarter in a row, steepened from a 4.7pc... [read complete entry]
November 23, 2009, 09:27 CET
Number of layoffs decreasing; fewer firms seen planning staff cuts
Only 10pc of businesses in Hungary said they planned to make layoffs in the next three months, a DGS Global Research survey shows. DGS conducted the survey in November. The number of layoffs dropped 70pc since reaching a pinnacle in... [read complete entry]
November 11, 2009, 11:42 CET
Analysts say Hungary's economy slid 6.7% in third quarter
Hungary's third-quarter GDP could have dropped 6.7pc from a year earlier, level with the first quarter, but less than a 7.5pc yr/yr fall in the second, according to analysts polled by the business daily Napi Gazdasag in its issue published... [read complete entry]
November 02, 2009, 11:19 CET
Number of new homes, building permits plunge in third quarter
The number of new homes put on the market in the third quarter of 2009 shows a sharp 23pc drop from the same period of 2008 and the number of new home building permits fell 40pc in the same period,... [read complete entry]
October 30, 2009, 10:54 CET
Analysts say unemployment could peak at 11.5% in 2010
Unemployment could peak at 11pc at the end of 2009 and possibly at 11.5pc in the first months of 2010, analysts interviewed by MTI said, commenting on the latest unemployment figures on Thursday. Figures from the Central Statistics Office (KSH)... [read complete entry]
October 29, 2009, 09:52 CET
Hungary's jobless rate passes 10% in July-September
Hungary's average unemployment rate was 10.3 percent in July-September, up from 9.9 percent in June-August, the Central Statistical Office (KSH) said on Thursday. The average unemployment rate was 7.7 percent in July-September a year earlier. After slightly lower rates in... [read complete entry]
October 27, 2009, 10:07 CET
Problem home loans rise in Hungary, but losses remain minor
The proportion of substandard, doubtful and loss home loans in the portfolios of Hungarian lending institutions doubled in the twelve months to the end of June, though still accounting for just 2pc of all lending stock, while the proportion of... [read complete entry]
September 08, 2009, 11:34 CET
Hungary's industrial output slumps 19.4%
Hungary's industrial output declined 19.4 percent in July according to both calendar-adjusted and unadjusted figures, preliminary data published by the Central Statistical Office (KSH) on Tuesday show. The rate of the drop was up from 18.8 percent in June. Industrial... [read complete entry]
September 02, 2009, 11:38 CET
Hungary posts large first half trade surplus
Hungary had a foreign trade surplus of EUR 2.055bn in the January-June slightly down from preliminary EUR 2.078bn, the Central Statistics Office (KSH) said in a second reading on Wednesday. The trade surpluses compare to a EUR 288m surplus in... [read complete entry]
August 26, 2009, 11:38 CET
Construction liquidations continue despite industry upturn
Although Hungary's Central statistics Office (KSH) reported that construction-industry output rose 16pc yr/yr in June, the number of companies that went under liquidation decreased only slightly in July compared to the spring of this year, company information service provider Opten... [read complete entry]
August 14, 2009, 08:39 CET
Hungary's GDP falls by 2.1% in second quarter of 2009
Hungary's GDP fell by 2.1 percent in the second quarter of 2009 from the first quarter in seasonally and calendar-adjusted terms, dropping in a quarter-on-quarter comparison for the fifth quarter in row, according to a first estimate by the Central... [read complete entry]
July 23, 2009, 08:44 CET
Official says Hungary's employment situation bright spot in region
The employment situation has continued to improve in Hungary, the Deputy Labour Minister told a news conference on Wednesday. The number of registered job seekers and the rate of unemployment has dropped, while the number of employed has increased, said... [read complete entry]
June 10, 2009, 10:13 CET
Growth in Internet subscriptions comes to near halt in Q1
There were 2.319m internet subscriptions in Hungary at the end of March 2009, up 0.3pc from the end of last year and up 15.8pc in twelve months, the Central Statistics Office (KSH) reported on Wednesday. Wireless internet subscriptions fell 4.4pc... [read complete entry]
June 09, 2009, 09:36 CET
Final figures confirm Q1 plunge of 6.1% in Hungary's economy
Hungary's economy contracted by an annual 6.1 percent in the first quarter according to calendar-adjusted data, the Central Statistical Office (KSH) said on Tuesday, quoting final figures. Quarter on quarter, Hungary's gross domestic product shrank by 2.5 percent in the... [read complete entry]
May 18, 2009, 10:06 CET
Plunge in Hungary's GDP in first quarter in line with expectations
A big drop in Hungary's first-quarter GDP was in line with expectations, analysts told MTI on Friday. Hungary's GDP fell a calendar year-adjusted 5.8pc and an unadjusted 6.4pc in Q1 from the same period a year earlier, the Central Statistics... [read complete entry]
May 07, 2009, 12:53 CET
Hungary's foreign trade balance improves as imports plunge
Hungary posted a trade surplus of 493 million in March and 609 million in the first quarter, according to preliminary figures published by the Central Statistics Office (KSH) on Thursday.... [read complete entry]
April 28, 2009, 09:32 CET
Hungary's jobless rate nears 10% after jump in first quarter
Hungary's unemployment averaged 9.7 percent in the first three months of 2009, rising from 9.1 percent in the period between December 2008 and February 2009, the Central Statistical Office (KSH) said on Tuesday.... [read complete entry]
April 24, 2009, 07:32 CET
Retail sales down 3.2% in February as yearlong slide continues
Retail sales volume in Hungary fell a calendar year-adjusted 3.2pc yr/yr in February 2009, the Central Statistical Office (KSH) reported on Thursday.... [read complete entry]
April 15, 2009, 10:46 CET
Hungary's industrial output plunges 29% in February
Hungary's industrial output declined 28.9 percent in February after a 23 percent drop in January, a second reading of data published by the Central Statistical Office (KSH) on Wednesday showed.... [read complete entry]
April 14, 2009, 09:13 CET
Analysts say planned VAT hike to push up inflation from second half of '09
Hungarian analysts polled by MTI on Friday said inflation data published earlier were in line with market expectations.... [read complete entry]
March 11, 2009, 11:16 CET
Hungary's GDP dropped 2.5% in last quarter of 2008, KSH says
Hungary's gross domestic product fell an unadjusted 2.3 percent and a calendar-year adjusted 2.5 percent in the 4th quarter of 2008, compared to the same period a year earlier - the Central Statistical Office (KSH) said in a second reading... [read complete entry]
March 03, 2009, 11:45 CET
KSH review of Hungarian economy in '08 highlights austerity measures, int'l crisis
The performance of Hungary's economy was strongly influenced by government measures to improve the country's balance as well as the global financial and economic crises, the Central Statistics Office (KSH) said in an annual summary of 2008 published on Tuesday.... [read complete entry]
February 16, 2009, 08:27 CET
National Bank not expected to ease further as Hungary officially enters recession
Fourth-quarter GDP data published early Friday show Hungary entered a recession in the second half of 2008, analysts told MTI. In spite of the contraction and falling inflation -- revealed by January CPI, also published Friday -- the National Bank... [read complete entry]
January 15, 2009, 09:57 CET
Consumer price inflation slows further in December
Twelve-month consumer price inflation slowed to3.5pc in December from 4.2pc in November, the Central Statistics Office (KSH) said on Tuesday.... [read complete entry]
January 15, 2009, 09:53 CET
Hungary industrial output down in November
Hungary's industrial output declined a workday-adjusted 9.9pc - slightly less compared to the preliminary 10.1pc - and unadjusted 12.0pc (preliminary -12.2pc) in November after an adjusted and unadjusted 7.2pc fall in October, data published by the Central Statistics Office (KSH)... [read complete entry]
January 08, 2009, 03:45 CET
Surprise drop in Hungary's industrial output worsens outlook for 2009
A bigger-than-expected decline in November industrial output worsens the outlook for this year's GDP, analysts told MTI on Thursday.... [read complete entry]
December 22, 2008, 10:53 CET
Retail sales drop 1.4% year-on-year in Oct., continuing trend since Feb. '07
Retail sales volume in Hungary fell a calendar year-adjusted 1.4pc yr/y in October 2008, the Central Statistics Office (KSH) reported on Monday.... [read complete entry]
December 05, 2008, 03:10 CET
Analysts say industrial output data indicate Hungarian economy in recession
Analysts told MTI on Friday that Central Statistics Office (KSH) industrial output data released on Friday morning suggests that Hungary has slipped into economic recession.... [read complete entry]
November 03, 2008, 07:53 CET
Home building permits down 4.0pc in Jan-Sep 2008
The number of new home building permits issued dropped 4.0pc to 31,063 in the first nine months of 2008 from the same period of 2007, and the number of new homes coming onto the market declined 0.8pc to 20,365 the... [read complete entry]
October 10, 2008, 07:36 CET
Analysts see August decline in trade as ominous sign for growth prospects
A decline in both Hungary's exports and imports in August -- for the first time in five years -- revealed in data published by the Central Statistics Office (KSH) on Thursday worsens the outlook for the country's economy, analysts told... [read complete entry]
October 07, 2008, 08:47 CET
Hungarian tourism grows in January-August, says minister
The tourism sector in Hungary maintained a good trend in January-August this year same as in 2007, which is considered a record year over the past eighteen years, Local Government Minister Istvan Gyenesei told reporters on Monday.... [read complete entry]
October 06, 2008, 09:26 CET
Slowing exports expected to keep GDP growth below 3% until 2010
Hungary's GDP growth is likely to remain under 3 percent in 2008 as well as in 2009, analysts told MTI on Friday after trade balance data published in the morning showed export growth slowing.... [read complete entry]
October 01, 2008, 08:31 CET
Hungary GDP growth for 2007 revised down to 1.1%
The Central Statistical Office issued revised figures on Tuesday, dropping 2007 GDP growth to 1.1 percent in constant prices as against the 1.3 percent given initially.... [read complete entry]
September 08, 2008, 09:28 CET
Second quarter growth figures leave analysts bearish on Hungarian economy
Analysts polled by MTI on Friday said the structure of Q2 GDP growth figures revealed in a second reading in the morning show an unfavourable outlook for Hungary's economy.... [read complete entry]
September 05, 2008, 11:06 CET
Hungarian GDP growth adjusted down to 2.0%
Hungary's GDP rose 2.0pc yr/yr in volume terms in the second quarter of 2008 according to both unadjusted and calendar-adjusted figures, the Central Statistics Office (KSH) announced in a second reading on Friday. The figure is revised down from adjusted... [read complete entry]
August 25, 2008, 09:06 CET
Retail sales drop almost 2% year-on-year
Retail sales volume in Hungary fell a calendar year-adjusted 1.9pc yr/y in June 2008, the Central Statistics Office (KSH) reported on Monday. Retail sales were down 2.2pc in January-June from the same period last year.... [read complete entry]
August 22, 2008, 11:08 CET
Spending by Hungarians abroad surges 28%
Hungarians spent HUF 302bn (EUR 1.29bn) when travelling abroad in January-June 2008, 28.0pc more than a year earlier, figures published by the Central Statistics Office (KSH) on Friday reveal.... [read complete entry]
August 19, 2008, 12:15 CET
Gross wages up almost 10%; public sector pay still leads
Gross wages in Hungary rose 9.7pc in the twelve months to June, while net wages increased 8.3pc during the period, the Central Statistics Office (KSH) said on Tuesday. Real wages - calculated with 6.7pc inflation in the period - rose... [read complete entry]
August 19, 2008, 09:41 CET
Hungary's construction output drops 9% year-on-year in June
The output of Hungary's construction sector fell 9.0pc yr/yr in June according to workday-adjusted figures and decreased 8.1pc according to unadjusted figures, the Central Statistics Office (KSH) said on Tuesday. Unadjusted output inched a slight 0.6pc yr/yr in April after... [read complete entry]
August 14, 2008, 04:49 CET
Second-quarter GDP growth beats estimates, but leaves analysts unmoved
In spite of higher-than-expected Q2 GDP growth figures published on Thursday, analysts polled by MTI stood by their projections for full-year growth of 1.7pc-2pc as growth in Hungary's biggest export markets slows. Hungary's economy expanded an unadjusted 2.2pc in Q2,... [read complete entry]
August 12, 2008, 09:58 CET
Hungary's consumer price growth accelerates in July
Consumer prices rose 6.7pc yr/yr in July and were up 0.1pc from June, the Central Statistics Office (KSH) announced on Tuesday. Consumer prices in the first seven months combined rose an average 6.8pc yr/yr.... [read complete entry]
August 08, 2008, 12:06 CET
Analysts see inflation rate slowing further
Analysts polled in Friday's issue of business daily Napi Gazdasag estimate Hungary's twelve-month consumer prices rose 6.5pc in July, slowing from 6.7pc in June and 7.0pc in May. The Central Statistics Office (KSH) will publish July CPI on Tuesday.... [read complete entry]
August 07, 2008, 11:30 CET
Analysts disagree on gravity of housing slump
The market for new apartments has slowed nearly everywhere in Hungary, with Budapest taking the heaviest hit, writes Napi.hu, based on data provided by the Central Statistics Office (KSH). However, analysts have diverse opinions about the gravity of the situation.... [read complete entry]
July 28, 2008, 03:05 CET
Growth in industrial output continues to slow in Hungary
Hungary's industrial output growth continued to slow in January-May, expanding only about 7pc, compared to more than 8pc in the same period a year earlier and over 10pc in 2006, the Central Statistics Office (KSH) said in a summary published... [read complete entry]
July 24, 2008, 11:11 CET
Hungary's retail sales down 1.6% in year to May
Retail sales volume in Hungary fell a calendar year-adjusted 1.6pc yr/y in May 2008, the Central Statistics Office (KSH) reported on Thursday. Retail sales were down 2.4pc in January-May from the same period last year. Twelve-month retail sales dropped 1.5pc... [read complete entry]
July 18, 2008, 07:56 CET
Gross wages grow 9.6% in year to May, public sector workers score 13% pay jump
Gross wages in Hungary rose 9.6pc in the twelve months to May, while net wages increased 8.4pc during the period, the Central Statistics Office (KSH) said on Thursday.... [read complete entry]
July 02, 2008, 08:44 CET
Hungarian unemployed rate plateaus at 7.7%
Hungary's jobless rate got stuck at 7.7% in March-May as both job-holder and jobless numbers fell slightly from February-April, the national statistics agency KSH said in a fresh report. The rate was unchanged from the previous three months. The number... [read complete entry]
June 30, 2008, 09:47 CET
Hungarian manufacturing prices jump 10% over a year in May
The spike in crude oil prices was a major reason for the rise in manufacturing costs. [read complete entry]
June 25, 2008, 02:36 CET
Retail sales slump 2.6% in first third of 2008
Retail sales in Hungary fell 2.6% in January-April over the year-ago period, writes Index.hu, based on the most recent snapshot report of the Central Statistics Office (KSH) released today. Food sales excluded, the fall-off was over 3%. Retail sales across... [read complete entry]
June 16, 2008, 10:14 CET
Off season spells weaker turnover for Lake Balaton hotels
Tourism drops at Lake Balaton hotels despite increases in numbers visiting wellness resorts. [read complete entry]
May 30, 2008, 11:51 CET
Unemployment drops in Hungary, thanks to a drop in employment
In one of the queerest bits of domestic economic news we've seen in at least the last few weeks, data revealed yesterday shows that Hungary's jobless rate had "dropped" during the period February-April from the previous three months - but... [read complete entry]
May 30, 2008, 11:16 CET
Inbound tourism eases, while Hungarians step up trips abroad
During the first quarter of this year, 7.6 million foreign tourists visited Hungary, 1% fewer than during the same period in 2007, while Hungarians recorded 3.7 million trips abroad, which represents a 2% increase, data from the Central Statistics Office... [read complete entry]
May 16, 2008, 08:28 CET
Doctors fee withdrawal helps soothe April inflation, but central bank fears relapse
Consumer prices in Hungary rose by just 0.3% in April, the Central Statistical Office reported, indicating a year-on-year jump of 6.6%. Analysts said the small increase in April was likely due to the withdrawal of the "visit fee" imposed on... [read complete entry]
May 05, 2008, 07:37 CET
Industrial producers' prices jump 5.7%
In another sign of the inflationary forces bearing down on the Hungarian economy, the country's Central Statistical Office (KSH) has released statistics which indicate that producers' prices jumped by 5.7% year-on-year for the period ending in March, privatbankar.hu reports.... [read complete entry]
April 30, 2008, 11:11 CET
New residences in Hungary larger in size, smaller in number, not in Budapest
New data on home construction in Hungary indicate that while the size of residential units being built is growing, the number of new flats being added to the market is dropping. Meanwhile, the most vibrant areas for new construction are... [read complete entry]
April 24, 2008, 10:25 CET
Retail sales slide by 2.7% in first two months of 2008
Hungary's gloomy economic picture continues to weigh on the country's retail sector, with the Central Statistical Office reporting that retail sales fell by 2.7% in the first two months of 2008. [read complete entry]
April 21, 2008, 03:29 CET
Hungarian construction market dips again, but ray of light seen on horizon
Hungary's construction output dropped in February, but the pace of the decline has slowed, data just released by the country's Central Statistics Office (KSH) indicate. [read complete entry]