External Debt in Hungary
Hungary - External DebtMomentum appears to have carried over into the second quarter, with robust domestic demand continuing to shield the economy from the Euro area’s slowdown. Retail sales growth rose in April, signaling a faster rise in private consumption amid improved consumer sentiment and record-low unemployment. On average, households were less downbeat in Q2, especially in June thanks to a brighter outlook on personal finances. Meanwhile, industrial output remained buoyant in April, although moderated slightly as the manufacturing sector grapples with labor shortages. Business sentiment, however, dived to an over two-year low in June as EU-funded investments are set to run dry. In other news, the 2020 budget was presented to Parliament on 4 June which targets a deficit of 1.0%, marking a smaller shortfall than the 1.5% submitted to Brussels in April.
Hungary - External Debt Data
|External Debt (% of GDP)||117||115||107||97.3||84.9|
5 years of economic forecasts for more than 30 economic indicators.
Hungary External Debt Chart
Source: National Bank of Hungary and FocusEconomics calculations.
|Bond Yield||2.46||0.0 %||Jul 11|
|Exchange Rate||289.6||-0.68 %||Jul 11|
|Stock Market||40,739||0.04 %||Jul 11|
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July 9, 2019
Consumer prices declined 0.2% month-on-month in June, contrasting the 0.7% rise in May.
July 5, 2019
Industrial output increased a working-day-adjusted 6.1% year-on-year in May, up slightly from 6.0% in April.
June 25, 2019
On 25 June, the Monetary Council of the Hungarian National Bank (MNB) left the base rate at its current record low of 0.90% and held steady all other existing instruments.
June 23, 2019
The GKI economic sentiment index, a composite indicator, fell to 2.4 points in June after rising for the first time in five months to 4.3 points in May.
June 13, 2019
Industrial output increased a working-day-adjusted 6.0% year-on-year in April, down from 8.0% in March.