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Tagged: Central Statistical Office

Market services, farms aid GDP

25. November 2016 - by BT in Brief

GDP rose two percentage points year-on-year in Q3, a first reading of data by the Central Statistical Office (KSH) has shown. Market services and the farm sector contributed the most[…]

Budapest home prices at pre-crisis level

12. November 2016 - by BT in Brief

Prices of resale homes in Budapest have now exceeded their level in 2008 by 25pc in nominal terms and about 2.6pc in real terms in Q1-Q2 2016, according to data[…]

Unemployment falling

5. November 2016 - by BT in Brief

The rolling average three-month jobless rate reached 4.9 percent in July-September, the Central Statistical Office has announced. Analysts said falling unemployment has a positive effect on economic growth in the[…]

Gross wages up 6.9%

29. October 2016 - by BT in Brief

The average gross wage was HUF 258,260 in August, up 6.9pc from August 2015, the Central Statistical Office has said. Net wage growth outpaced the increase, rising 8.5pc to HUF[…]

Inflation moving up

21. October 2016 - by BT in Brief

Consumer prices rose 0.6pc year-on-year in September, climbing for the first time in five months, the Central Statistical Office has said. Analysts said the increase had been expected and mainly[…]

Jobless down to 4.9pc

8. October 2016 - by BT in Brief

The rolling average three-month jobless rate fell to 4.9 percent in June-August, the Central Statistical Office has said. Analysts said the improvements on the labour market indicated an economic recovery,[…]

Analysts rattled by ‘temporary blip’

Slowdowns in EU funds, car factories put brakes on GDP

20. May 2016 - by BT in Economy

Hungary’s GDP grew an unadjusted 0.9 percent year-on-year in the first quarter of 2016, the Central Statistical Office (KSH) has said in a first reading of data. The preliminary number[…]

Growth balanced, stable: Varga

19. February 2016 - by BT in Brief

Hungarian economic growth has proved to be balanced and stable, and is expected to reach 3 percent in the first quarter this year, Minister of National Economy Mihály Varga has[…]

Car industry is a cul de sac for exports

Economic diversity needed in wake of VW exhaust gas scandal

9. October 2015 - by Rainer Ackermann in Economy

The government is considering how to proceed with its industrial policy following the scandal over the manipulated diesel engines of the Volkswagen Group. At the moment only one thing is[…]

Net exports and consumption to go hand in hand?

A question of economic growth

20. September 2015 - by Rainer Ackermann in Economy

Hungary had to renounce the title of European Growth Champion quite quickly. Still, the government is insisting on three-comma figures; agriculture is to blame for the fact that the results[…]