Exports in Hungary
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
|Exports (EUR billion)||81.3||84.5||90.5||93.0||111|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.59||0.0 %||Jun 14|
|Exchange Rate||279.1||-0.68 %||Jun 14|
|Stock Market||36,655||0.04 %||Jun 14|
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June 13, 2018
According to revised data released by the Hungarian Central Statistical Office (KSH) on 13 June, industrial output rose a working-day adjusted 2.9% year-on-year in April, coming in above the 1.9% increase observed in March.
June 8, 2018
Consumer prices rose 0.6% month-on-month in May, coming in slightly below the 0.7% jump observed in April.
June 6, 2018
According to preliminary data released by the Hungarian Central Statistical Office (KSH) on 6 June, industrial output rose a working-day adjusted 2.9% year-on-year in April, coming in above the meagre 1.9% increase recorded in March. In month-on-month seasonally- and working-day adjusted terms, industrial production rose 0.2% in April, contrasting a 0.7% contraction recorded in March. Annual average growth in industrial production moderated from 5.0% in March to 4.9% in April.
June 6, 2018
According to a second estimate released by the Central Statistics Office (KSH) on 5 June, the Hungarian economy continued to grow unabated in Q1.
May 28, 2018
The GKI economic sentiment index, a composite indicator, decreased to 8.3 points in May from 8.8 points in April, reflecting a drop in consumer confidence.