In the fourth quarter, GDP increased 2.0% over the same period last year, according to the flash estimate released by the Central Statistics Office (KSH) on 15 February. The print represented an improvement compared to the third quarter's 1.7% expansion and overshot market expectations, which had the economy growing 1.7%. A quarter-on-quarter analysis corroborates the improvement suggested by the annual figures, as economic activity grew 0.2% in seasonally and calendar adjusted terms (Q3: +0.8% quarter-on-quarter). Although no details were officially provided, industrial production likely remained the main driver behind the fourth quarter reading, despite a significant drop in December. A revised and complete set of data will be released on 11 March.
Fourth quarter growth beats expectations
February 15, 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.