KSH: Industrial output rose by an annual 4% in July
The growth was driven by the leading sectors in Hungary, such as vehicle manufacturing and the manufacturing computer, electronics and optical products.
The growth was driven by the leading sectors in Hungary, such as vehicle manufacturing and the manufacturing computer, electronics and optical products.
The average gross wage in Hungary climbed by an annual 15.4 percent to HUF 503,500 (EUR 1,216) in June.
KSH said Hungarian retail sales in June grew by an annual 4.1 percent, down from 12 percent growth in May.
The unexpectedly strong GDP growth in the first quarter may have been partly due to the outstanding growth in investment.
The average gross wage of full-time employees in February was HUF 546,000 (EUR 1,470).
The Central Statistical Office (KSH) said growth was driven by bigger public sector paycheques and a minimum wage rise.
Output growth of Hungary’s construction sector slowed to an annual 3.3 percent in January, after climbing in the double digits since the spring of 2021, decelerating on a decline in the building segment.
State Secretary Péter Cseresnyés said retail sales growth in December had reached pre-pandemic levels.
Hungary’s jobless rate was at 3.7 percent in December, falling from 4.1 percent in the same month a year earlier and level with the rate in November.
The rate of annual wage growth in Hungary picked up to 10.1 percent in November from 8.5 percent in the previous month.
For the period January-November, exports increased by 13.2 percent year on year to 109.255 billion euros and imports rose by 17.2 percent to 106.895 billion euros.
Factory gate prices in Hungary rose by an annual 21.6 percent in November, accelerating from an 18.5 percent increase in the previous month.
Data from NFSZ shows there were 242,000 registered jobseekers at the end of November, down by 18.3 percent from twelve months earlier.