In the first quarter, GDP increased 2.4% over the same period last year, according to the flash estimate released by the Central Statistics Office (KSH) on 13 May. The reading, which represented an improvement over the 1.9% expansion tallied in the fourth quarter, was broadly in line with market expectations that had the economy growing 2.5%. The reading confirmed a gradual ongoing recovery, which is currently underpinned by solid external demand. A quarter-on-quarter analysis corroborated the acceleration suggested by the annual data, as the economy grew 0.7% in seasonally and calendar adjusted terms (Q4 2010: +0.5% quarter-on-quarter). A revised and complete set of data will be released on 9 June.
Economy continues to gather momentum
May 13, 2011
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Hungary Economic News
October 11, 2016
In September, consumer prices rose 0.2% from the previous month, contrasting August’s 0.4% decrease.
October 7, 2016
According to preliminary data released by the Statistical Institute (KSH) on 7 October, industrial output in August rose a working-day adjusted 3.5% from the same month last year, rebounding from July’s 0.1% decrease and marking a four-month high. On a monthly basis, industrial production increased a seasonally- and working-day adjusted 1.6% in August, which followed July’s 0.3% decrease.
September 26, 2016
The GKI economic sentiment indicator advanced slightly from August’s minus 3.9 points, which was the lowest reading in over two years, to the still-low level of minus 3.6 points in September.
Hungary: Central Bank leaves base rate at 0.90%, continues easing monetary conditions by capping main deposit facility
September 20, 2016
The Central Bank of Hungary (NBH) held all rates constant at its 20 September monetary policy meeting, but continued easing monetary policy conditions by using unconventional monetary policy instruments.
September 9, 2016
In August, consumer prices fell 0.4% over the previous month, coming in below July’s softer 0.2% decrease.