Tag "KSH"
IMF: this year’s outlook for the world economy has improved minimally
According to the International Monetary Fund (IMF), overall, this year’s outlook for the world economy has improved minimally since the organization’s previous forecast in January. According to the revised World...
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KSH: The number of foreign guest workers in Hungary has increased
According to the latest data from the Central Statistical Office (KSH), the number of foreign guest workers in Hungary increased significantly in 2023. In the publication Helyzetkép, 2023 – Labor...
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KSH: industrial production increased by 1.8 percent in February, the largest increase in the production of food, beverages and tobacco products
In February 2024, the volume of industrial production exceeded the previous year by 1.8 percent. Adjusted for the working day effect, production rose by 1.4 percent, the Central Statistics Office...
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GVH: Annual food inflation practically dropped to zero in March
Food inflation measured on an annual basis was 0.7 percent in March 2024, according to data published by the Central Statistical Office (KSH) on Thursday morning. Accordingly, food prices have...
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KSH: in March, consumer prices increased by 3.6 percent on average compared to the same month of the previous year
In March 2024, consumer prices were on average 3.6 percent higher than a year earlier. Compared to February, prices rose by an average of 0.8 percent, telephone and internet services...
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Márton Nagy: inflation collapsed and remained low
Based on the latest data from the Central Statistical Office (KSH), the rate of inflation continued to melt in March 2024, after 3.8 percent in January and 3.7 percent in...
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KSH: in February, retail turnover increased by 1.1 percent compared to the same period of the previous year
In February, according to raw data, the turnover volume of retail trade increased by 4.6 percent, adjusted for the calendar effect (and solar eclipse effect), by 1.1 percent compared to...
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It will soon become clear whether the mandatory actions made sense
In the next few days, a number of important economic data will be published in Hungary. On Tuesday, a quick information on the situation of the central subsystem of the...
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NGM: the recovery of consumption continued in February, on an annual basis, retail sales increased for the second month running
Based on the latest data from the Central Statistical Office, the volume of retail trade in February 2024 increased by 4.6 percent according to raw data and 1.1 percent according...
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KSH: in February, the product foreign trade surplus was 1.7 billion euros
In February, the value of exports calculated in euros was 2.4, and that of imports was 12 percent less than in the same period of the previous year. The product...
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It produced more spring onions, but fewer leeks
According to KSH data, Hungary produced 2.67 thousand tons of new onions (green onions) in 2022, which is 35 percent more than the previous year. Domestic spring onions are offered...
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KSH: industrial producer prices in February 2024 decreased by 4.3 percent compared to a year earlier, and increased by 0.5 percent compared to the previous month
In February 2024, industrial producer prices were on average 4.3 percent lower compared to a year earlier. Domestic sales prices fell by 5.8 percent, export sales by 3.5 percent, the...
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NGM: the performance of the tourism sector is growing dynamically
Based on the latest data from the Central Statistical Office (KSH) and the National Tourist Information Center (NTAK), in February 2024, both the number of guest nights and the number...
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The producer price of lamb rose by 16-18 percent
According to data from the European Commission, the European Union’s sheep and goat imports (live animals and meat) were 170,000 tons in 2023, which represents a 3.7 percent increase compared...
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The price of eggs at the packing point is still lower than last year
Based on data from the KSH, in 2023, Hungary bought 35.5 thousand tons of shell eggs from the international market, almost the same amount as the previous year, within which...
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Lettuce exports increased by more than 50 percent in 2023
According to the KSH data, the area and quantity of lettuce harvested in Hungary has decreased continuously in recent years, but according to the KSH data, an increase was observed...
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Domestic subscription e-commerce could explode
According to industry forecasts, the subscription model of global e-commerce expands by more than 50 percent annually, while in Hungary even greater growth is possible due to the low penetration....
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KSH: industrial production decreased by 3.6 percent
In January 2024, the volume of industrial production was 3.6 percent lower than a year earlier. Adjusted for the working day effect, production fell by 4.1 percent, the Central Statistics...
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Easter eggs can be a third cheaper than last year
By Easter, the average consumer price of eggs can be around HUF 60, which means that customers can get one of the essential staple foods for the holiday one third...
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Live cattle exports decreased by 18 percent in 2023
According to AKI’s slaughter statistics data, cattle slaughter in January 2024, expressed in live weight, decreased by 13 percent compared to January 2023. Cows, which accounted for more than two-thirds of...
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KSH: in February, consumer prices increased by 3.7 percent on average compared to the same month of the previous year
In February 2024, consumer prices were on average 3.7 percent higher than a year earlier. Compared to January, prices rose by an average of 0.7 percent, vehicle fuels rose by...
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GVH: Food inflation has not been as low as in February 2024 in seven years
In the second month of 2024, consumer prices were on average 3.7% higher than a year earlier, and food inflation was even lower, at 2.2%. In addition to government and...
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The reduction of food inflation is also thanks to the online price monitoring system
In addition to the targeted government measures and the actions of the central bank, the moderation of food inflation is due to the active interventions of the Economic Competition Authority...
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KSH: retail turnover increased by 0.6 percent in January compared to the same period of the previous year, while it did not change compared to the previous month
In January 2024, the volume of retail trade turnover increased by 0.6 percent compared to the same period of the previous year, according to both raw and calendar-adjusted data, the...
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NGM: the weakness of foreign markets is hindering the recovery of industrial performance
According to the data of the Central Statistical Office (KSH), industrial performance decreased by 3.6 percent on an annual basis in January 2024, while a decrease of 1.1 percent was...
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The price of horseradish rose by 4 percent and that of beets by 27 percent
According to KSH data, 8.8-11.1 thousand tons of horseradish were produced in Hungary in recent years on 1100-1400 hectares, the average yield was between 6.7-8.9 thousand tons/hectare. According to KSH data,...
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KSH: In the fourth quarter of 2023, the performance of the economy was unchanged
According to raw data, Hungary’s gross domestic product (GDP) did not change in the fourth quarter of 2023, but according to seasonally and calendar-adjusted and balanced data, it increased by...
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KSH: The volume of exports of food, beverages and tobacco is 5.0 percent higher than that of imports
In December 2023, the volume of exports decreased by 8.4 percent and that of imports by 0.8 percent compared to the same period of the previous year. The foreign trade...
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The price of eggs at the packing point decreased by 18 percent
Based on data from the European Commission, EU (EU27) egg and egg product imports increased by 89 percent to 83,000 tons in January-November 2023 compared to the same period of...
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The processing sales price of cut pork rose
According to the KSH data, Hungary’s live pig export decreased by 16 percent (32 thousand tons) in January-November 2023 compared to the amount in January-November 2022. The main partners were...
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