Unemployment in Hungary
Hungary - UnemploymentGrowth was buoyant in Q4 2018, boosted by soaring domestic demand. Fixed investment continued to surge, fueled by inflows from EU funds and sturdy construction production, while robust wage growth and an extremely tight labor market powered solid consumer spending. Heading into Q1, low unemployment in January and solid albeit softening optimism among businesses in the first two months of the year point to robust growth, even if it is likely to moderate somewhat. In a testament to the country’s rosy economic situation, in February both Standard & Poor’s (S&P) and Fitch Ratings upgraded the country’s rating to BBB from BBB-, with a stable outlook. S&P highlighted Hungary’s strong growth prospects, amid wage gains and the expansion of export capacity; Fitch Ratings cited the country’s rapid external deleveraging, a sizable current account surplus and a declining debt-to-GDP ratio.
Hungary - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Hungary Unemployment Chart
Source: Hungarian Central Statistical Office (KSH).
|Bond Yield||3.28||0.0 %||Mar 11|
|Exchange Rate||280.7||-0.68 %||Mar 11|
|Stock Market||40,820||0.04 %||Mar 11|
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March 1, 2019
According to a second estimate released by the Central Statistics Office (KSH) on 1 March, the Hungarian economy continued to grow buoyantly in the fourth quarter, boosted by sturdy consumer spending and surging fixed investment.
February 27, 2019
The GKI economic sentiment index, a composite indicator, dropped to 6.7 points in February from 7.1 points in January.
February 26, 2019
At its latest monetary policy meeting on 26 February, the Monetary Council of the Hungarian National Bank (MNB) left the base rate unchanged at its current record low of 0.90%, while also holding steady all other monetary policy instruments.
February 14, 2019
The Hungarian economy continued to fire on all cylinders in the fourth quarter.
February 13, 2019
According to revised data released by the Hungarian Central Statistical Office (KSH) on 13 February, industrial output rose a working-day adjusted 5.7% year-on-year in December, the strongest reading in almost a year.