Economy

Hungarian households keep savings in cash, bank account

Net lending of households was equivalent to 5.8% (HUF 2,283 bn) of quarterly GDP in the four quarters to Q2 2018 and to 6.3% (HUF 640 bn) of quarterly... 

Hungary public debt reaches 74.5% of GDP in Q2

Hungary's general government consolidated gross debt stood at 74.5% of GDP at the end of the second quarter... 

Hungary faces shortage of cleaners

Labour shortage in the cleaning industry, which employs upwards of 50,000 people, is at least 20%, Világgazdaság... 

Hungary to pay extra pensions this fall if growth keeps up

Hungarian pensioners can expect a so-called pension premium if economic growth makes it possible, the... 

Corporate loan stock up 15% y/y, Hungary central bank says

Corporate lending is at a new peak as the stock of debt owed by domestic businesses grew nearly 15% over... 

Trade unions outraged over gov't bureaucrat axe plan

It is unacceptable for the government to announce a 15 to 20% cut in central public administration headcount... 

Hungary Mol to raise diesel prices on Friday

Hungarian oil and gas group Mol is to raise the wholesale list price of diesel fuel by HUF 3 per litre... 

Hungary external financing capacity lower in Q2

Hungaryʼs net external financing capacity - the combined surpluses of the current and capital accounts... 

Hungary households' share stock HUF 586 bn in June

The stock of shares owned by households rose 1.6% in June from the end of May to HUF 585.9 bn and was... 

Hungary to cut public administration 15 to 20%

Gov't sees no need for forint intervention

Hungary Q2 GDP up 4.4% y/y

The performance of the Hungarian economy was 0.9% higher in the second quarter than in the first three... 

Hungary central bank keeps banking system liquidity level at HUF 1.9 trillion

The National Bank of Hungary (MNB) has allotted HUF 75 billion of swaps against euros at a fine-tuning... 

20% of Hungarian pensioners would work at least part-time - GKI

80% of Hungarian pensioners would not undertake income-generating activities at all, while 11% would... 

Hungary June industrial production up 4.2% y/y

In June 2018, the volume of industrial output grew by 4.2% year-on-year, the Central Statistical Office... 

Analysts expect slightly lower Q2 GDP growth in Hungary - POLL

The growth of the Hungarian economy may have begun to slow in the second quarter, but GDP growth could... 

Wages in Hungary healthcare sector rise 20% in a year

Wages in Hungary's healthcare sector rose 20% over a year, Magyar Idők reported on Friday. Looking behind... 
Commentary

Analysts expect slightly lower Q2 GDP growth in Hungary - POLL

The growth of the Hungarian economy may have begun to slow in the second quarter, but GDP growth could... 

Hungary cenbank faces new test, and so does the forint

Keep your eyes peeled!

Hungary's rating upgrade is timely - cenbank Deputy Governor

First may come as soon as next week.

     
     
Macro Snapshot
General government balance (monthly, bn HUF)16-03-140,8 mrd Ft
PMI16-1252.2 pont
Current account balance (m EUR)15Q31599.4 m euró
Interest rate on forint-based consumer credit (APR)15-1216.9 %
GDP growth (yr/yr, adjusted for calendar impact)16Q3+2.0 %
Inflation (annual consumer price index)16-111.1 %
Infláció (medium-term target)08-083.0 %
Industrial production (working day adjusted, yr/yr)16-07-0.1 %
Benchmark interest rate16-120.90 %
Retail sales (yr/yr, adjusted for calendar impact)16-05+5.7 %
Foreign trade balance (m EUR)16-05+755 m euró
Interest rate on fixed HUF household deposits (within 12 months, annualised)15-120 %
Unemployment rate (average of 3 months before publication)16-104.7 %
Corporate forint lending rate - short term15-124.1 %
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