Construction Output Up by 3.3 pc in January
Output growth of Hungary’s construction sector slowed to an annual 3.3 percent in January, decelerating on a decline in the building segment, the Central Statistical Office (KSH) said on Wednesday. Construction output has grown in the double digits since the spring of...
Hungary trade balance shows deficit for seventh month in a row
Hungary’s trade balance showed a deficit for the seventh month in a row in January, a first reading of data released by the Central Statistical Office (KSH) on Friday shows. Hungary, an export-driven economy where trade surpluses are the norm, had a 196-million-euro...
Hungary February Inflation 8.3%
Hungary’s consumer price index rose by an annual 8.3% in February, a high not last seen since August 2007, and up from 7.9% in the previous month, the Central Statistical Office (KSH) said on Wednesday. Analysts had forecast inflation of 8.1%. Month on month, consumer...
Forint Recovers after Central Bank’s Intervention
The National Bank of Hungary decided to raise the upper band of its interest rate corridor on Tuesday which had a positive impact on Hungary’s currency. After hitting a record low of 400 against the euro on Monday, the forint exchange rate started to strengthen on...
