Hungary Economic Outlook
October 3, 2017
Revised data confirmed that yearly GDP growth reached 3.2% in the second quarter. Despite decelerating from Q1’s multi-year high in annual terms due to a weak external sector, the country’s economic fundamentals remain healthy as evidenced by solid quarter-on-quarter growth in Q2. Likewise, fixed investment and private consumption, the main engines of growth, grew at a strong pace in annual terms thanks to the ongoing fiscal stimulus, the resumption of EU investment inflows into the economy, an expansionary monetary policy and a tight labor market. This suggests that the positive momentum will carry into the second half of the year and should propel economic growth to its fastest annual rate of expansion in years. Adding to the good news, business confidence reached an all-time high in September, and the challenges that affected the external sector in the first half of the year, such as capacity constraints, should dissipate in the upcoming quarters.Hungary Economy Data
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Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.62 | -0.38 % | Oct 16 |
| Exchange Rate | 260.9 | 0.09 % | Oct 16 |
| Stock Market | 39,120 | 0.58 % | Oct 16 |
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Hungary Economic Growth
October 3, 2017
Hungary’s economic outlook is promising. The domestic economy will continue benefiting from favorable monetary conditions, the government’s aggressive fiscal stance ahead of next year’s election, increased investment, a strong labor market and elevated consumer and business confidence. FocusEconomics panelists project the economy will expand 3.7% in 2017. For 2018, they pencil in growth of 3.3%, which is unchanged from last month’s forecast.Hungary Economic News
Hungary: Central Bank eases monetary conditions further in September
September 27, 2017
At its 26 September monetary policy meeting, the Monetary Council of the Hungarian National Bank (MNB) kept the base rate unchanged at its current record low of 0.90%, as expected by market analysts.
Hungary: Growth decelerates in Q2 from Q1’s multi-year high
September 15, 2017
The economy continues to grow at a solid pace.
Hungary: Inflation increases in August
September 8, 2017
Consumer prices inched up from a flat reading in July to a 0.1% increase in August.
Hungary: Growth in industrial output almost stagnant in July
September 8, 2017
According to revised data released by the Statistical Institute (KSH) on 31 September, industrial output rose a working-day adjusted 0.2% year-on-year in July, which was a marked deceleration from June’s 6.5% expansion.
Hungary: Economy decelerates in Q2 from Q1’s multi-year high
August 16, 2017
The Hungarian economy continues to grow at a solid pace.
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