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• Economy

  Inflation slows in November, but underlying trends remain

  

  Consumer prices were 3.1% higher on average in November 2018 than a year earlier, slowing from 3.8% year-on-year in October, according to monthly data from the Central Statistical Office (KSH). The headline figure showed a decline after accelerating for eight months, and was lower than the consensus expectation of analysts.

   Tue, Dec. 11, 2018, 11:25

  • consumer price
  • CPI
  • inflation
  • KSH
  • MNB
  • core
  • underlying
• Economy

  Hungary farm sector output expands over 3% in 2018

  

  Output of Hungaryʼs agricultural sector grew by 3.1% in 2018, according to a first estimate of the sectorʼs annual performance from the Central Statistical Office (KSH). The output of crops was up 1.8%, while livestock production was 5.7% higher than in 2017.

   Tue, Dec. 11, 2018, 11:00

  • farm
  • agriculture
  • output
  • livestock
  • crops
  • KSH
• Business

  Starbucks to open three more units this year

  

  U.S. coffee shop chain Starbucks is opening three more units in Hungary this year, bringing the total number of outlets in its Hungarian network to 27, according to a report by state news wire MTI.

   Tue, Dec. 11, 2018, 10:30

  • Starbucks
  • coffee
  • shop
  • Budapest
  • Székesfehérvár
  • U.S.
• Economy

  One in five Hungarians still at risk of poverty, social exclusion

  

  In 2017, there were 1.88 million people in Hungary who were classed as either poor or at risk of social exclusion, some 19.6% of the entire population, shows the latest summary of household living standards data published by the Central Statistical Office (KSH). The figure dropped by 6.0 percentage points compared to 2016.   

   Mon, Dec. 10, 2018, 15:00

  • poverty
  • social exclusion
  • disadvantaged
  • unemployed
  • Roma
  • KSH
• Economy

  Trade surplus narrows to EUR 293 mln in October

  

  Hungary had a EUR 293 million trade surplus in October, narrowing by EUR 232 mln from the same month a year earlier, the Central Statistical Office (KSH) said in a first reading of data on Friday. In euro terms, exports increased by 6.5% and imports grew by 9.7% year-on-year in October 2018.

   Fri, Dec. 7, 2018, 11:40

  • trade
  • surplus
  • export
  • import
  • KSH
• Economy

  Electronics sector helps industrial output growth in October

  

  In October 2018, the volume of industrial output in Hungary grew by 5.9% year-on-year. Based on working day-adjusted data, production rose by 3.3%, according to a first estimate of monthly data from the Central Statistical Office (KSH).

   Thu, Dec. 6, 2018, 10:46

  • industry
  • production
  • output
  • KSH
  • electronics
  • automotive
  • food
• Economy

  Retail sales up 6.6% in October

  

  In October 2018, the volume of sales in retail shops increased by 6.6% according to raw data, and by 5.7% adjusted for calendar effects, compared to the same month of the previous year, according to a first estimate of monthly retail data published Wednesday by the Central Statistical Office (KSH).

   Wed, Dec. 5, 2018, 13:30

  • retail
  • sales
  • food
  • fuel
  • KSH
• Economy

  KSH revises Q3 GDP growth upwards to 4.9%

  

  Hungaryʼs gross domestic product (GDP) rose 4.9% year-on-year in the third quarter of 2018, the Central Statistical Office (KSH) said in a second estimate of data on Wednesday. The KSH raised the figure from 4.8% in its initial flash report on November 14.

   Wed, Dec. 5, 2018, 11:40

  • GDP
  • growth
  • KSH
  • revision
  • Q3
• Finance

  Retail lending of Hungarian banks rises in October

  

  The retail lending stock of Hungarian banks was up HUF 51.3 billion to nearly HUF 6.112 trillion in October from the previous month, fresh data from the National Bank of Hungary (MNB) show, state news wire MTI reported Monday. 

   Wed, Dec. 5, 2018, 09:00

  • retail
  • lending
  • banks
  • MNB
  • deposits
• Economy

  GKI raises latest 2018 growth forecast to 4.5%

  

  Economic research institute GKI has raised its projection for this yearʼs GDP growth to 4.5%, up from 4.2% in an earlier forecast.    Hungaryʼs GDP was up 4.7% year-on-year in Q1-Q3 2018, according to preliminary data released by the Central Statistical Office (KSH) in November.   

   Mon, Dec. 3, 2018, 10:22

  • GKI
  • growth
  • forecast
  • Varga
  • KSH