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PMI decreases to adjusted 54.2 in May

Thursday 11:35, June 1st, 2006

Hungary's seasonally adjusted Purchasing Manager Index (PMI) dropped to 54.2 in May from 55.8 in April, Halpim, the company which compiles the index, announced on Thursday. Read more

More visitors spend fewer days in Hungary in Q1

Thursday 11:26, June 1st, 2006

The number of days spent by foreign tourists in Hungary dropped 7% in the first quarter, the Central Statistics Office (KSH) said on Thursday. Read more

Investment volume in Hungary up 9.7% yr/yr in Q1

Wednesday 03:20, May 31st, 2006

Investment volume in Hungary rose 9.7% in January-March 2006 from a year earlier, according to preliminary figures published by the Central Statistics Office (KSH) on Wednesday. Read more

SME confidence index unchanged in May

Tuesday 04:23, May 30th, 2006

Economic research institute Ecostat's SME confidence index measured 51% in May, unchanged from April, but 11 percentage points higher than in May 2005. Read more

Money supply continues to decelerate in April

Monday 02:17, May 29th, 2006

The annualized month-on-month growth index of the monetary base (M0) was, 99.5%, far from 113.7% in March, the National Bank of Hungary (MNB) reported on Monday. Read more

Population decline slows in Q1

Monday 01:36, May 29th, 2006

Hungary's population decline slowed in the first three months of 2006, the Central Statistics Office (KSH) reported on Monday. Read more

Unemployment rate 7.5% in February-April

Friday 10:47, May 26th, 2006

The average number of unemployed was 318,500 in February-April 2006 resulting in an unemployment rate of 7.5%, the Central Statistics Office (KSH) reported on Friday. Read more

Hungarian-Croatian Chamber holds first meeting

Wednesday 03:47, May 24th, 2006

The Hungarian-Croatian Chamber of Commerce and Industry held its first meeting on Wednesday, with 18 members. Read more

SMEs submit 1,750 bids in technology funding scheme

Tuesday 01:58, May 23rd, 2006

The Ministry of Economy and Transport received 1,750 applications for Ft 4 billion in funding in the fourth phase of a subsidy program for technical and technological developments at SMEs.Read more

OECD calls for more realistic fiscal targets from new government

Tuesday 12:24, May 23rd, 2006

Hungary's new government should set more realistic fiscal targets and implement them rigorously, otherwise there is a risk of financial turbulence that could prove costly for the economy, the OECD said in a preliminary edition of it semiannual Economic Outlook on Tuesday. Read more

Monetary Council keeps base rate unchanged at 6%

Monday 02:43, May 22nd, 2006

The Monetary Council of the National Bank of Hungary (MNB) decided to leave the base rate unchanged at 6% at its rate-setting meeting on Monday, the bank said. Read more

Market value of listed shares slips 9.3% in Q1

Monday 12:17, May 22nd, 2006

The market value of listed shares rose 9.3% to Ft 7,618.4 billion in the first quarter of 2006, after falling 9.4% in Q4 2005. Read more

Market value of outstanding gov’t securities rises 4.6% in Q1

Monday 11:25, May 22nd, 2006

Measured at market value, Hungarian government securities holdings rose 4.6% to Ft 9,967.6 billion in Q1 2006, the National Bank of Hungary (MNB) said in its quarterly report on the sector.Read more

ITDH sets up exporters' club

Monday 11:22, May 22nd, 2006

ITD Hungary's Exportklub, a newly-founded group of Hungarian exporters to whom ITDH will offer regular assistance, includes 50 members, ITDH business development manager Péter Spanyik said on Sunday.Read more

Finance Ministry forecasts Ft 110.5 bln May deficit

Friday 11:52, May 19th, 2006

The Finance Ministry announced on Friday it forecasts a general government deficit, excluding local councils, of Ft 110.5 billion in May. Read more

US companies consider investments worth $200 mln in Hungary

Thursday 03:19, May 18th, 2006

ITD Hungary is assisting US companies which are considering making investments of more than $200 million in the country, ITDH director Csaba Killián said.Read more

Real wages up 5.7% yr/yr in January-March

Wednesday 11:28, May 17th, 2006

Real monthly wages rose 5.7% year on year in January-March 2006, based on a 8.3% increase in net wages and the twelve-month CPI of 2.5%, the Central Statistics Office (KSH) announced on Wednesday. Read more

GDP up preliminary 4.5% yr/yr in Q1

Tuesday 09:50, May 16th, 2006

Hungary's economy expanded 4.5% year on year in volume terms in January-March 2006, the Central Statistics Office (KSH) announced in its first estimate for Q1 GDP growth on Tuesday. Read more

GKI-Wallis confidence index improves further in April

Monday 02:45, May 15th, 2006

The GKI-Wallis consumer and business confidence index continued to improve in April, rising to -5.5 from -7.1 in March, its highest measure since October 2002, economic research institute GKI announced on Monday. Read more

Industrial output up 11.3% yr/yr in March

Monday 02:22, May 15th, 2006

Hungary's industrial output rose 1.5% in March and was up 11.3% in the twelve months from March 2005, according to seasonally and workday-adjusted figures, the Central Statistics Office (KSH) said on Monday.Read more

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