Exports in Hungary

Hungary Exports | Economic News & Forecasts

Hungary - Exports

Momentum 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

2015   2016   2017   2018   2019  
Exports (USD billion)100  103  113  124  122  

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Hungary Facts

Value Change Date
Bond Yield2.080.0 %Dec 31
Exchange Rate295.1-0.68 %Jan 01

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