Tag "KSH"
KSH: Economic performance stagnated in the first quarter of 2025 compared to the first quarter of 2024
The volume of Hungary’s gross domestic product stagnated in the first quarter of 2025 according to raw data, and was 0.4 percent lower than the same period of the previous...
Read more
Green pea foreign trade balance is positive
According to KSH data, the green pea harvest in Hungary in 2024 was 38 percent smaller (57 thousand tons) on a 25 percent smaller area than in 2023. According to...
Read more
KSH: The services foreign trade surplus was 2.2 billion euros in the first quarter
In the first quarter of 2025, exports of services in euros decreased by 3.6 percent and imports by 2.6 percent compared to the same period of the previous year. The...
Read more
KSH: the number of guests (1.4 million) in tourist accommodation establishments increased by 17 percent and the number of guest nights (3.4 million) by 16 percent compared to a year earlier in April
In April 2025, 1.4 million guests spent 3.4 million guest nights in tourist accommodation (commercial, private and other). The number of guests was 17 percent higher and the number of...
Read more
Prices of most dairy products decreased in April
According to AKI PÁIR data, the national average producer price of raw milk in Hungary was 203.26 forints/kilogram in April 2025. Despite a 0.07 percentage point decline in fat content...
Read more
Márton Nagy: in the long term, we must return to investment-based economic growth
In the long term, we must return to investment-based economic growth; consumption-based growth is unsustainable – said the Minister of National Economy on Thursday at the Portfolio Lending 2025 conference...
Read more
KSH: Investment performance fell by 12.1 percent in the first quarter of 2025
The volume of investments in the first quarter of 2025, according to raw data, fell by 12.1 percent compared to the same period of the previous year. Compared to the...
Read more
Fewer sheep, more expensive lamb
According to data from the Central Statistical Office (KSH), Hungary’s sheep flock was 846.8 thousand on 1 December 2024, down 6.6% compared to December 2023. The number of ewes decreased...
Read more
Compound fertilizer sales increased by 45 percent
Fertilizer distributors sold 518 thousand tons of fertilizer directly to farmers in the first quarter of 2025. Although the volume sold was 2.1 percent less than a year earlier, due...
Read more
Stores are refraining from cross-pricing – but the government is still watching
Bence Gerlaki, State Secretary for Tax Affairs, Consumer Protection and Trade at the Ministry of National Economy, and Izabella Talián, Head of the Trade Policy Department, assessed the effects of...
Read more
KSH: industrial production stagnated in March
In March 2025, the volume of industrial production remained at the same level as the same month of the previous year, while adjusted for working day effects, it fell by...
Read more
Live pig imports fell by 42 percent
According to data from the Hungarian Central Statistical Office, Hungary’s live pig exports decreased by 3.3 percent to 5,600 tons in January-February 2025 compared to the volume sold on the...
Read more
NGM: we always take action against unjustified price increases, inflation may decrease further in the coming months
The government is successfully fighting price increases. In April, inflation fell to 4.2 percent, while food inflation fell to 5.4 percent. Compared to the previous month, food prices fell by...
Read more
KSH: industrial production stagnated in March
In March 2025, the volume of industrial production remained at the same level as the same month of the previous year, while adjusted for working day effects, it fell by...
Read more
NGM: the “150 new factories” program helps restore industrial production
According to data from the Central Statistical Office, the volume of industrial production in March 2025 remained at the level of the same month of the previous year, while adjusted...
Read more
KSH: retail turnover exceeded the same period of the previous year by 0.4 percent, decreased by 0.5 percent compared to the previous month
In March, the volume of retail sales in Hungary decreased by 0.4 percent based on raw data, while calendar-adjusted (and Easter-adjusted) data show a 0.4 percent increase compared to the...
Read more
Asparagus exports increased in 2024
According to Eurostat data, the asparagus cultivation area in Hungary has decreased in the past decade, and in 2024 it was around a thousand hectares. The harvested quantity of asparagus...
Read more
KSH: food industry sales prices increased by 6.2 percent
In March 2025, industrial producer prices were 7.3 percent higher on average than a year earlier. Domestic sales prices were 4.7 percent higher and export sales prices were 8.6 percent...
Read more
KSH: in March, the number of guests was 1.1 percent lower and guest nights were 5.9 percent lower than a year earlier
In March 2025, 1.1 million guests spent nearly 2.7 million guest nights in tourist accommodation (commercial, private and other). Due to Good Friday and Easter, which fall entirely in April...
Read more
Stable labor market awaits the effects of tariffs
In March, the number of employed persons among the working-age population aged 15-74 was 4 million 701 thousand, which is more than 18 thousand people higher than the February level,...
Read more
Spinach producer price increased
According to Eurostat data, 14.02 thousand tons of spinach were harvested from 560 hectares in Hungary in 2024, which exceeded the average for the years 2019–2023 by 32 percent. According...
Read more
Surge in egg and horseradish prices before Easter
According to AKI PÁIR data, the price of table eggs (M+L) from cage farming in Hungary was HUF 64.53/piece in the first eight weeks of 2025, 20.8% higher than the...
Read more
The producer price of slaughter pigs decreased
According to the Central Statistical Office (KSH), Hungary’s live pig exports decreased by 5.9 percent to 2,900 tons in January 2025 compared to the volume sold on the foreign market...
Read more
The gap is getting wider: the purchasing value of pensions is deteriorating dramatically
The purchasing power of pensions compared to salaries will suffer another significant decline in 2025, according to new data from the Central Statistical Office (KSH). The average pension currently accounts...
Read more
KSH: industrial production fell by 8.7 percent in February
In February 2025, the volume of industrial production fell by 8.7 percent, or 8.0 percent adjusted for working days, compared to a year earlier. Production fell in all manufacturing sectors,...
Read more
NGM: margin reduction has a significant impact: inflation fell to 4.7 percent in March
The government could no longer tolerate unreasonably high price increases, so in order to protect families and pensioners, it introduced a margin reduction, thanks to which the prices of about...
Read more
Mushroom exports have strengthened
According to data from the Hungarian Central Statistical Office, Hungary’s foreign trade balance for champignons has been positive in recent years. The foreign trade surplus for champignons increased to HUF...
Read more
KSH: in February, retail turnover exceeded the same period of the previous year by 3.3 percent, decreasing by 0.6 percent compared to the previous month
In February, the volume of retail trade turnover decreased by 0.2 percent according to raw data, and exceeded the same period of the previous year by 3.3 percent, adjusted for...
Read more
NGM: domestic economic processes are developing favorably, industrial performance is held back by weak external demand
Domestic economic processes are developing favorably, the performance of industry is being held back by weak external demand – this is how the Ministry of National Economy (NGM) commented on...
Read more
Rising prices of services are driving inflation – not food
Although food prices continue to be the focus of public discourse and government measures, according to the latest statistics, it is not food prices but service prices that currently pose...
Read more