PMI Rises to 52.8 in May
Hungary’s seasonally adjusted Purchasing Managers Index (PMI) rose to 52.8 points in May from 51 points in April, Halpim, the organisation that publishes the index, said.
Adam
Economy
Hungary Q1 GDP Falls 2.1%
Hungary’s economic output declined by an annual 2.1% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data.
Hungary Posts EUR 876 M Trade Surplus in March, KSH Confirms
Hungary posted a trade surplus in March of 876 million euros, the Central Statistical Office (KSH) confirmed in a second reading of data.
Hungary’s Economy Expected to Grow By 4.6% This Year – OECD
Hungary’s GDP is expected to grow by 4.6% this year, according to the OECD’s biannual forecast. “Economic activity is expected to rebound from mid-2021 onwards, as a swift vaccination rollout supports the recovery of private consumption.
PPI Rises 9.8% in April
Factory gate prices in Hungary rose by an annual 9.8% in April, the fastest rate in more than two years, the Central Statistical Office (KSH) said.
KSH: Investment Growth 2.5% in Q1
Investment volume in Hungary rose by an annual 2.5% in the first quarter of 2021, level with the rate of growth in the previous quarter, the Central Statistical Office (KSH) said.
LMP Calls for Reducing VAT on Basic Foods to 5%
The opposition LMP has re-submitted an amendment proposal to the budget bill to reduce VAT on basic food products to 5%, the party’s deputy group leader said.
Wage Growth Slows to 8.7% in March
Year-on-year wage growth in Hungary slowed to 8.7% in March from 9.8% in the previous month, data released by the Central Statistical Office (KSH) on Friday show.
DK: Orbán Responsible for Pandemic Fallout Hitting Employees
Prime Minister Viktor Orbán is responsible for the hit employees took in Hungary due to the fallout of the coronavirus pandemic, the opposition Democratic Coalition (DK) said on Friday.
Jobless Rate Rises to 4.4% in April
Hungary’s jobless rate was 4.4% in April, climbing 0.4 percentage point from the previous month as well as from the same month a year earlier, the Central Statistical Office (KSH) said.