Exports in Hungary
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
|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||3.96||0.0 %||Oct 16|
|Exchange Rate||278.1||-0.68 %||Oct 16|
|Stock Market||37,446||0.04 %||Oct 16|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
October 16, 2018
At its latest monetary policy meeting held on 16 October, the Monetary Council of the Hungarian National Bank (MNB) left the base rate unchanged at its current record low of 0.90%, while also holding steady all other monetary policy instruments.
October 15, 2018
According to revised data released by the Hungarian Central Statistical Office (KSH) on 12 October, industrial output rose a working-day adjusted 4.5% year-on-year in August.
October 9, 2018
Consumer prices rose 0.3% over the previous month in September, up from August’s 0.1% month-on-month increase.
September 25, 2018
The GKI economic sentiment index, a composite indicator, dropped to a ten-month low of 5.5 points in September from 6.7 points in August and further below the record-high 11.5 points in July.
September 18, 2018
At its latest monetary policy meeting held on 18 September, the Monetary Council of the Hungarian National Bank (MNB) decided to leave the base rate unchanged at its current record low of 0.90%, while also holding steady all other monetary policy instruments.