Exports in Hungary

Hungary Exports (EUR bn) | Economic News & Forecasts

hungary - Exports (billions of Euros)

The economy continued to fire on all cylinders in the second quarter, as an extremely tight labor market and robust wage growth spurred consumer spending, while rising EU funds buttressed fixed investment. Q2’s drivers of growth likely remained in place in the third quarter: In July, retail sales continued to soar, underpinned by significant wage growth and an extremely low unemployment rate; industrial production growth accelerated; and construction output surged for the second consecutive month, probably benefiting from the government pre-financing of EU-funded projects. In the political arena, on 12 September, the European Parliament voted to trigger Article 7 of the EU treaty against Hungary on the grounds that Prime Minister Viktor Orban’s government was undermining civil rights, democracy and the rule of law in the country. The procedure could lead to sanctions including the suspension of Hungary’s EU Council voting rights, although most analysts see this as unlikely considering it would require unanimous support from all other EU members. Orban, backed by a relatively high approval rating, announced it will contest the vote at the European Court of Justice.

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

ValueChangeDate
Bond Yield3.960.0 %Oct 16
Exchange Rate278.1-0.68 %Oct 16
Stock Market37,4460.04 %Oct 16

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