KSH: Construction sector output rose by an annual 7.2% in May
Output in building construction was up 11.2%, other construction was up 1.1%.
Output in building construction was up 11.2%, other construction was up 1.1%.
Quarter on quarter, GDP was up by 0.8%, adjusted for seasonal and calendar year effects.
The government’s successful measures to rein in inflation along with the 15% increase in the basic minimum wage and the 10% hike in the minimum wage for skilled workers had...
The average gross wage in Hungary rose by an annual 14% to 605,400 forints (EUR 1,540) in February.
Net wages were up by 14.5% year on year, while real wages rose by an annual 10.4%.
The national economy ministry said it indicated that retail sales had passed the low point and were “in the recovery phase”.
Net wages were up by 14.0% year on year, while real wages, calculated with a November inflation rate of 7.9%, rose by an annual 5.7%.
Government sector revenue rose by 12.7% to 7,661 billion forints, while expenditures climbed 7.7% to 8,362 billion.
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).