Economy
Hungary in GDP fever this week (14-18 May)
Analysts expect Hungary's economic growth at 2.3-2.4% (adjusted) in Q1, against 3.4% in the fourth quarter of 2006.
The central bank (NBH) will publish preliminary financial accounts for households and general government on Wednesday and wage statistics will be published on Thursday. The latter is highly important in respect of the interest rate outlook. On Thursday, the Finance Ministry will hold a press conference on Thursday on budget processes in April.
Elsewhere in the region, investors in Poland will keep an eye on inflation (for April on Tuesday) and GDP growth in Slovakia (for Q1 on Tuesday).
14 May, Monday
08:30 Statistical balance sheet of the central bank, April (prelim) - National Bank of Hungary (NBH)
09:00 Agricultural prices, March - Central Statistics Office (KSH)
15 May, Tuesday
08:30 Credits of non-financial corporation sector by branches, Q1 - NBH
08:30 Average daily turnover reported by resident credit institutions on the Hungarian FX market, April, NBH
09:00 GDP growth, Q1 (prelim) - Central Statistics Office (KSH)
Forecast: +2.4% yr/yr; Previous: +3.4% yr/yr
09:00 Industrial output, March - Central Statistics Office (KSH)
12:00 Auction of 3-month discount T-bills (D070822) - Government Debt Management Agency (ÁKK)
Offered amount: HUF 30 bn
Previous auction - Bids: HUF 50 bn; Average yield: 7.69%
12:15 Results of central bank's auction of two-week NBH bonds
Previous: HUF 716.1 bn
16 May, Wednesday
08:30 Preliminary financial accounts (households, general government), Q1 - NBH
09:00 Tourism: Main indicator of hotels, April - Central Statistics Office (KSH)
12:00 Auction of 6-month discount T-bills (D071024) - Government Debt Management Agency (ÁKK)
Offered amount: HUF 30 bn
Previous auction - Bids: HUF 72.1 bn; Average yield: 7.56%
17 May, Thursday
09:00 Number of employees and earnings in the national economy, March - Central Statistics Office (KSH)
11:00 Press conference on April budget processes
April budget balance: HUF +17.1 bn; Previous: HUF -349.3 bn
12:00 Auction of 12-month discount T-bills (D080507) - Government Debt Management Agency (ÁKK)
Offered amount: HUF 35 bn
Previous auction - Bids: HUF 150.9 bn; Average yield: 7.28%
18 May, Friday
08:30 International reserves, April (revised) - NBH
09:00 Construction, March - Central Statistics Office (KSH)
The central bank (NBH) will publish preliminary financial accounts for households and general government on Wednesday and wage statistics will be published on Thursday. The latter is highly important in respect of the interest rate outlook. On Thursday, the Finance Ministry will hold a press conference on Thursday on budget processes in April.
Elsewhere in the region, investors in Poland will keep an eye on inflation (for April on Tuesday) and GDP growth in Slovakia (for Q1 on Tuesday).
14 May, Monday
08:30 Statistical balance sheet of the central bank, April (prelim) - National Bank of Hungary (NBH)
09:00 Agricultural prices, March - Central Statistics Office (KSH)
15 May, Tuesday
08:30 Credits of non-financial corporation sector by branches, Q1 - NBH
08:30 Average daily turnover reported by resident credit institutions on the Hungarian FX market, April, NBH
09:00 GDP growth, Q1 (prelim) - Central Statistics Office (KSH)
Forecast: +2.4% yr/yr; Previous: +3.4% yr/yr
09:00 Industrial output, March - Central Statistics Office (KSH)
12:00 Auction of 3-month discount T-bills (D070822) - Government Debt Management Agency (ÁKK)
Offered amount: HUF 30 bn
Previous auction - Bids: HUF 50 bn; Average yield: 7.69%
12:15 Results of central bank's auction of two-week NBH bonds
Previous: HUF 716.1 bn
16 May, Wednesday
08:30 Preliminary financial accounts (households, general government), Q1 - NBH
09:00 Tourism: Main indicator of hotels, April - Central Statistics Office (KSH)
12:00 Auction of 6-month discount T-bills (D071024) - Government Debt Management Agency (ÁKK)
Offered amount: HUF 30 bn
Previous auction - Bids: HUF 72.1 bn; Average yield: 7.56%
17 May, Thursday
09:00 Number of employees and earnings in the national economy, March - Central Statistics Office (KSH)
11:00 Press conference on April budget processes
April budget balance: HUF +17.1 bn; Previous: HUF -349.3 bn
12:00 Auction of 12-month discount T-bills (D080507) - Government Debt Management Agency (ÁKK)
Offered amount: HUF 35 bn
Previous auction - Bids: HUF 150.9 bn; Average yield: 7.28%
18 May, Friday
08:30 International reserves, April (revised) - NBH
09:00 Construction, March - Central Statistics Office (KSH)
