According to the latest report by the Hungarian Central Statistical Office (KSH), the industrial sector continued to expand in June 2018: the volume of output increased by 4.2 percent year-on-year. Working day-adjusted data show growth of 3.1 percent.
External trade plays a key role within the Hungarian economy: the trade-to-GDP ratio is one of the highest within both the European Union and the OECD member states. This is one of the findings in a recently published comprehensive study by the Hungarian Central Statistical Office (KSH) which presents some major characteristics of Hungary’s external trade sector through the analysis of trade turnover observed last year. Last week, the KSH also published the latest respective data for the period January-May 2018 which indicate that favourable trends have continued.
According to the latest data published by the Hungarian Central Statistical Office (KSH), the boom observed in Hungary’s tourism sector over recent years has continued. The number of tourism nights by both domestic and foreign guests grew dynamically in May 2018 compared to the corresponding period of the previous year.
According to the latest data compiled by the Hungarian Central Statistical Office (KSH) in May 2018, net earnings have increased by more than 50 percent since 2012 in Hungary. Earnings in real terms have also been up sharply: they have gained 32 percent.
According to the latest data by the Hungarian Central Statistical Office (KSH), in the period January-May 2018 the performance of the construction sector has improved further after it had posted dynamic output growth last year. Unadjusted data show output increase of 15.1 percent year-on-year, while data adjusted for seasonal and calendar effects show growth of 6.1 percent in the observed period.
Unemployment may continue to decline in coming months, as this year and next the Government is seeking further options for boosting job growth, Minister of Finance Mihály Varga said, commenting on the latest data released by the Hungarian Central Statistical Office (KSH). These data show that in the period March-May 2018 the unemployment rate continued to rise and the number of people in employment decreased again compared to the corresponding period of the previous year.
“Having left the years of groundwork behind, we must now aim for maintaining rapid economic growth, increasing efficiency and productivity, and improving competitiveness,” Minister of Finance Mihály Varga has recently said.
Thanks to Government measures, positive trends prevalent in public finances over the past months have continued. The Ministry of Finance published a preliminary report of the end-of-May status of the central sub sector of the state budget on 20 June 2018.
According to the latest report of the Hungarian Central Statistical Office (KSH), the dynamic growth trend in the use of Internet continued in the first quarter of 2018. The number of Internet subscriptions rose to some 9.6 million by the end of the quarter, up by 5.2 percent compared to the first quarter of the previous year. The great majority of subscriptions, 69 percent, were for mobile Internet connection.
According to a report published by the Hungarian Central Statistical Office (KSH) last week, in Q1 2018 the volume of Hungary’s GDP was up by 4.4 percent year-on-year. Seasonally and calendar-effect adjusted and reconciled data show that economic performance improved by 4.7 percent year-on-year and by 1.2 percent quarter-on-quarter. Market-based services were the main driving force behind the expansion.