Exports in Hungary
Hungary - ExportsMomentum likely weakened in Q1, but available data paints a mixed picture. Industrial production performed solidly in January-February, but business confidence soured in the quarter overall. Moreover, consumer sentiment fell further into pessimistic terrain and inflation continued to increase in Q1, although retail sales and wage growth were strong in the quarter, with unclear implications for household spending. Moving to Q2, improvements in both consumer and business sentiment provide some room for hope. On the fiscal front, data for Q2 shows a bulky fiscal deficit, fed further by utility price subsidies. Meanwhile, the government continues to oppose to any EU embargo on Russian oil and gas imports, while in late April it received a letter from the European Commission citing allegations of corruption and violations of the rule of law, which could complicate negotiations on EU funds.
Hungary - Exports Data
|Exports (USD billion)||100||103||113||124||122|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.08||0.0 %||Dec 31|
|Exchange Rate||295.1||-0.68 %||Jan 01|
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May 19, 2022
According to a preliminary reading, the pace of growth in economic activity decelerated slightly in the first quarter of 2022.
May 18, 2022
According to a second estimate by the Statistical Institute, industrial output grew 4.2% in year-on-year terms in March, which followed February's 4.8% increase.
May 12, 2022
Consumer prices rose 1.63% from the previous month in April, picking up from March's 0.98% increase.
April 28, 2022
The GKI economic sentiment index, a composite indicator, rose to plus 2.6 in April from minus 5.5 in March.
April 28, 2022
At its 26 April meeting, the Monetary Council of the Hungarian National Bank (MNB) decided to raise its base rate to 5.40% from 4.40%, marking the eleventh consecutive increase and the joint-largest hike since 2008.