International Reserves in Hungary
Hungary - International ReservesAvailable 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
|International Reserves (USD)||46.5||42.0||33.1||25.8||28.0|
5 years of economic forecasts for more than 30 economic indicators.
Hungary International Reserves Chart
Source: National Bank of Hungary and FocusEconomics calculations.
|Bond Yield||2.03||0.0 %||Sep 04|
|Exchange Rate||298.6||-0.68 %||Sep 04|
|Stock Market||39,753||0.04 %||Sep 04|
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November 19, 2019
On 19 November, the Monetary Council of the Hungarian National Bank (MNB) held the base rate steady at a historical low of 0.90%, and kept all other existing instruments unchanged.
November 14, 2019
Economic growth accelerated to 5.0% year-on-year in the third quarter, up from Q2’s 4.9% expansion, according to a preliminary reading released by the Hungarian Central Statistical Office (KSH) on 14 November.
November 13, 2019
Industrial production grew a working-day-adjusted 9.0% year-on-year in September, up from August’s 2.7% expansion and marking a near four-year high, according to the Hungarian Central Statistical Office.
November 8, 2019
Consumer prices rose 0.6% over the previous month in October, after increasing 0.1% month-on-month in September.
October 28, 2019
The GKI economic sentiment index, a composite indicator, fell to minus 0.7 in October from minus 0.3 in September—the worst print since December 2016.