Unemployment in Hungary
Hungary - UnemploymentAvailable first-quarter indicators suggest growth moderated at the outset of the year, on the heels of last year’s snappy fourth quarter. Deteriorating business confidence through March obscured upbeat industrial output, while weaker consumer confidence has been broadly tracking retail sales in recent months. Export growth, meanwhile, held up in January. Fourth-quarter national accounts, however, were even more upbeat. Domestic demand was again in the driver’s seat; the tight labor market fueled household spending, while fixed investment was propped up by the absorption of EU-linked structural funding and the ongoing construction boom. Looking ahead, following a slew of positive economic indicators, as well as recent credit-rating upgrades by S&P Global Ratings and Fitch Ratings, all eyes are on Moody’s in the run-up to its decision in early May. As it stands, the ratings agency seems likely to follow suit.
Hungary - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Hungary Unemployment Chart
Source: Hungarian Central Statistical Office (KSH).
|Bond Yield||3.25||0.0 %||Apr 18|
|Exchange Rate||284.6||-0.68 %||Apr 22|
|Stock Market||42,811||0.04 %||Apr 18|
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April 15, 2019
Industrial output increased a working-day-adjusted 5.9% year-on-year in February, outpacing a 5.0% increase in January.
April 9, 2019
Consumer prices increased 0.7% over the previous month in March, up from February’s 0.6% increase.
March 29, 2019
The GKI economic sentiment index, a composite indicator, dropped to 6.2 points in March from 6.7 points in February.
March 27, 2019
According to the Hungarian Central Statistical Office (KSH), industrial output increased a working-day adjusted 5.0% year-on-year in January, easing from the 5.7% increase in December 2018.
March 27, 2019
At its latest monetary policy meeting on 26 March, the Monetary Council of the Hungarian National Bank (MNB) raised the overnight deposit rate by 11 basis points to minus 0.05%, while holding steady all other existing instruments—including the base rate at its current record low of 0.90%.