Hungary's Q1 economic performance to be unveiled this week

Portfolio
The following days offer a lot more excitement than the last few weeks did, and the release calendar will be undoubtedly ruled by GDP data, and in Hungary, we’ll also have the latest public debt number. The situation is similar abroad, with all eyes on growth data.
The week is off to a slow start in Hungary. The central bank (MNB) is set to publish its preliminary statistical balance sheet, and the Central Statistical Office (KSH) is to release a revised industrial production data on Monday, while China will have stats out on direct capital investments in April.

' title='
On Tuesday morning, the real barrage of macro releases will be afoot. Chinese authorities will publish very early (Hungarian time) the latest data on retail sales. Starting at 8 A.M. Germany will kick off the GDP release series. Hungary’s own stats office will publish the Q1 growth figure at 9 A.M., which will show whether the economy managed to keep the pace north of 4.0%. Eurostat, the statistical office of the European Union, will deliver its own set of Q1 data, which will allow us to compare how Hungary fared in EU terms. The Government Debt Management Agency (ÁKK) will holds its regular weekly auction of short T-bills in the morning, while markets will be watching more closely Germany’s ZEW economic sentiment index and retail sales data in the United States.

We’ll have a short breather in Hungary on Wednesday, but Japan has a growth data in the pipeline for the early morning, and Eurostat will also release final inflation figures for April.

On Thursday morning, we’ll have the other key release for the week, this time preliminary financial accounts data by the MNB, which will also contain the end-Q1 debt-to-GDP ratio. Although this will only be an estimate (as the latest nominal GDP figure will not be included), investors will keep an eye on it nevertheless. Also, the ÁKK will auction of 12-month Treasury Bills in the morning.

On Friday, we’ll have only a minor release by the central bank, namely the end-April figure for the country’s international reserves, but it is unlikely to cause ripples on markets.
 

More in Economy

építészet-épület-idegenforgalom-műemlék-turizmus-város parlament budapest magyar remény
July 23, 2025 14:10

Are the key elements of the Hungarian economic take-off being erased right now?

Worrying news pouring in about key investments in Hungary

vihar komor szürke
July 23, 2025 11:58

Hungary's Economy Ministry cuts GDP forecast: here is the exact difference

Not the 'official version' yet, but still it comes from the ministry's experts

varga mihály mnb elnök jegybank magyar nemzeti bank
July 22, 2025 16:37

The central bank is cautious and patient, says Mihály Varga

MNB Governor held a press conference after the rate decision

magyar nemzeti bank mnb jegybank
July 22, 2025 15:58

Hungary c.bank provides rationale for its July rate decision

Achieving price stability in a sustainable way is the main objective

varga mihály mnb elnök jegybankelnök
July 22, 2025 14:00

Hungary cenbank leaves rates on hold in July too

Monetary Council continues on the safe and predictable path

budapest200114
July 22, 2025 12:17

Details arrive on Hungary's panda bond issuance

Planned amount also revealed

LATEST NEWS

Detailed search