Imports in Hungary
hungary - Imports (percent change based on Euros)
The economy grew at a robust rate in the second quarter, beating market expectations, supported by an expansionary fiscal stance and easing lockdown measures. Higher consumer sentiment, healthy wage growth and a lower unemployment rate buoyed household spending in the quarter, while upbeat business confidence underpinned robust investment activity. Moreover, a surge in exports and imports in the period further testify to the strong recovery. Moving to the third quarter, conditions look to have remained supportive, as business confidence improved while consumer sentiment broadly held its ground in July-August. Meanwhile, S&P Global Ratings affirmed the country’s ‘BBB’ sovereign rating and kept its outlook stable in mid-August, stating the economy is set to expand notably this year and next amid strong fiscal stimulus and a rapid vaccine rollout.Hungary - Imports (EUR bn, %) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Imports (annual variation in %) | 4.6 | 1.7 | 11.2 | 7.3 | 4.8 |
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.08 | 0.0 % | Dec 31 |
| Exchange Rate | 295.1 | -0.68 % | Jan 01 |
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Economic News
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Hungary: MNB delivers fourth consecutive rate hike in September
September 22, 2021
At its 21 September meeting, the Monetary Council of the Hungarian National Bank (MNB) decided to raise its base rate to 1.65% from 1.50%, marking the fourth consecutive increase.
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Hungary: Industrial production growth moderates again in July
September 8, 2021
Industrial output grew at a notably softer rate of 10.2% in annual terms in July, following June’s 18.2% jump, according to a preliminary estimate.
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Hungary: Inflation rebounds in August
September 8, 2021
Consumer prices rose 0.20% from the previous month in August, edging down from July’s 0.50% increase.
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Hungary: Economy grows at quickest pace on record in Q2 on low base effect
September 2, 2021
Economic growth bounced back in the second quarter, with GDP increasing 17.9% on an annual basis (Q1: -2.1% year-on-year). The upturn reflected improvements in private consumption, fixed investment and exports.
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Hungary: Economic sentiment improves in August amid higher business confidence
August 31, 2021
The GKI economic sentiment index, a composite indicator, edged up to minus 0.6 in August from minus 1.1 in July, the best result since November 20219.
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