Stock Market in Hungary
Hungary - Stock MarketThe 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 - Stock Market Data
|Stock Market (annual variation in %)||43.8||33.8||23.0||-0.6||17.7|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.08||0.0 %||Dec 31|
|Exchange Rate||295.1||-0.68 %||Jan 01|
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September 28, 2021
The GKI economic sentiment index, a composite indicator, edged up to minus 0.5 in September from minus 0.6 in August, the best result since November 2019.
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.
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.
September 8, 2021
Consumer prices rose 0.20% from the previous month in August, edging down from July’s 0.50% increase.
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.