News in Brief
Consumer confidence is on the rise as the automotive sector accelerates
Consumer confidence has edged up since the onset of the pandemic and the automotive industry has increased output in recent months.
Consumption
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News in Brief
Hungary's per capita consumption nears EU average
KSH has revealed that Hungarians’ level of consumption per capita continued to move closer to the European Union average last year.
News in Brief
Retail sales in Hungary reach record highs in 2018
Retail sales are set to hit 11.5 trillion HUF (35.8bn EUR) this year
News in Brief
Századvég raises its GDP growth projection for Hungary to 4.2 percent for 2018
In a revised forecast released on Tuesday, the economic research institute improved projections from 4.1 percent this year and 3.2 percent in 2019
News in Brief
Hungary’s economy started 2018 exactly where it left it last year - booming!
The Hungarian Central Statistical Office (HCSO) has left the 4.4 percent year-on-year advance reading unchanged, which has left no surprises, says leading economist
News in Brief
New car sales skyrocket in Hungary signaling a strengthening economy
New car sales rose by 20.4 percent between January to December last year. The most popular brand of vehicle purchased in 2017 was Suzuki
News in Brief
Hungarian households will spend around 100 billion HUF on Christmas presents this year
Hungarians are set to spend between 3-4 percent more on Christmas presents in 2017 compared to last year. Consumers will also spend around 100 billion HUF on food for their holiday meals
Blog
The Hungarian model is working – lowest unemployment since 1989
With record-low unemployment, steadily increasing wages and other rock-solid indicators, the Hungarian economy is healthier than it’s been in years. The economic performance of Central Europe has become the driving force for growth in the EU, but that’s not the only reason why Hungarians can now be proud of their achievements over the course of the last seven years.
News in Brief
Hungary's volume of retail sales grew by 4.7 percent in August
The volume of retail sales has increased by more than 22 percent in Hungary since January 2010
News in Brief
Hungary’s GDP growth rises by more than twice the European average at 4.2%
The ministry for National Economy said Hungary's growth figure was the second highest in the past 10 years, and the economy is on a “steady and balanced path”
News in Brief
Hungary's retail sales increase by 3.5% in April
Hungary's retail sales have increased for the 46th consecutive month, according to new figures released by the Hungarian Central Statistical Office (KSH)
News in Brief
Job growth and low inflation leads to increase in retail sales
Retail sales in Hungary have risen by a staggering 20.7 percent since January 2010 and by 17.6 percent since the beginning of 2014
News in Brief
Hungary's economy surprises analysts after reaching 4.1 percent growth in first quarter of 2017
Mihaly Varga, minister for National Economy, said that the first-quarter figure was “exceptionally good”. He added that the government expected the economy to expand by above 4 percent this year. No analyst or bank had projected such a strong rate of growth