International Reserves in Hungary

Hungary International Reserves | Economic News & Forecasts

Hungary - International Reserves

Available data suggests growth decelerated in the third quarter. Weakness in the external sector persisted into the quarter as an acceleration in merchandise imports outweighed a pick-up in exports of goods in July–August. Moreover, business sentiment deteriorated in the quarter and likely further dented fixed investment. That said, household demand, shored up by accelerating wages amid labor shortages, seems to have remained solid; retail sales growth climbed in July-August, while consumer confidence soared to a near 17-year high in September. In addition, industrial activity gained some steam in the first two months of the quarter. Meanwhile, opposition parties scored the biggest wins in a decade in local elections, with liberal candidate Gergely Karacsony unseating the ruling party’s Istvan Tarlos as mayor of Budapest. While Prime Minister Viktor Orban retains a firm grip on power, it underlines rising challenges to his mandate.

Hungary - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)46.5  42.0  33.1  25.8  28.0  

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Hungary International Reserves Chart

Hungary International Reserves
Note: International reserves in months of imports.
Source: National Bank of Hungary and FocusEconomics calculations.

Hungary Facts

Bond Yield2.030.0 %Sep 04
Exchange Rate298.6-0.68 %Sep 04
Stock Market39,7530.04 %Sep 04

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