Exports in Hungary

Hungary Exports (EUR bn) | Economic News & Forecasts

hungary - Exports (billions of Euros)

Growth continued unabated in the first quarter, and survey-based data suggests that the economy also performed robustly in the first two months of Q2. Although a breakdown by components is still missing, the strong GDP expansion in Q1 likely came on the back of buoyant consumer spending: Retail sales soared, labor market conditions were extremely tight and wages continued to rise solidly throughout the quarter. However, weak data for both exports and industrial production in March suggests that the slowdown in the Eurozone economy was felt. The economic environment has remained favorable in Q2 so far, with both business and consumer confidence at high levels in April and May. In the political arena, the landscape is somewhat more turbulent. Prime Minister Viktor Orbán’s ruling party, Fidesz, announced its intention to amend the constitution to be able to reject migrants resettled by the EU. Moreover, Orbán voiced his opposition to the cuts provided for in the new EU budget. Thus, relations with the EU seem set to remain strained.

Hungary - Exports (EUR bn) Data

2013  2014  2015  2016  2017  
Exports (EUR billion)81.3  84.5  90.5  93.0  111  

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Hungary Facts

Bond Yield3.590.0 %Jun 14
Exchange Rate279.1-0.68 %Jun 14
Stock Market36,6550.04 %Jun 14

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