News
Hungary economic sentiment index drops to lowest since Nov 2009
24 january 2012
The descent that has characterised the economic sentiment index of Hungarian think tank GKI and Erste for nearly a year has continued in January 2012. The index dropped to -26.8 points this month, which marks the worst figure since November 2009. The sub-indices show further deterioration both in the business and consumer confidence indices.
more...
Hungary manufacturing sector contracts further in Dec11
03 january 2012
Hungary's manufacturing purchasing manager index (PMI) edged up to 48.5 points in December 2011 from 47.8 in November, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) reported on Monday.
more...
Hungary may benefit from Audi's investment plans
28 december 2011
Audi, which is planning on a large-scale expansion of manufacturing in Hungary, has announced plans to invest more than planned in the coming years on Tuesday.
more...
Hungary could seal EUR 15-20 bn deal with the IMF, w/o recession in 2012 - Varga
15 december 2011
Mihály Varga, state secretary at the Prime Minister’s Office, said on Tuesday he could imagine the IMF/EC granting Hungary a 15-20 billion euro credit line with a three to four-year term. In an interview with local news portal origo.hu he said he expects the aid talks to be concluded swiftly.
more...
Moody's cuts Hungary to junk grade
26 november 2011
Moody's Investors Service has downgraded Hungary's government bond rating by one notch to Ba1 from Baa3, and is maintaining a negative outlook.
more...
Hungarian growth to freeze in European gales - Portfolio.hu Poll
14 november 2011
The worsened outlook on the Eurozone has made a limited impact on the Hungarian economy in the third quarter, when the country’s gross domestic product grew by almost 1.0%, the consensus forecast of analysts showed in Portfolio.hu poll on Monday. But the prospects for the last months of the year and 2012 have greatly deteriorated. The consensus shows a mere 0.4% annual average growth in Hungary for 2012.
more...
Producer prices hitched up in Hungary
03 november 2011
Hungary's industrial producer price index jumped from 0.7% to 3.3% month-on-month in September, an unprecedented rate during the past 12 months, the Central Statistics Office reported. The surge is primarily due to price hikes in the automotive industry, petroleum processing and electronic product manufacturing. On a year-on-year basis, the producer price index rose from -0.1% to +4.1% in September.
more...
Budapest industrial property mkt vacancy rate rises, take-up drops in Q3 2011 - Budapest Research Forum
27 oktober 2011
Members of the Budapest Research Forum, including CB Richard Ellis, Colliers International, Cushman & Wakefield, DTZ, Eston International, GVA Robertson and Jones Lang LaSalle have released their third-quarter report on Budapest’s industrial market on Wednesday.
more...
Hungary Hopes Libya Involvement Will Boost Chance for U.N. Role
21 oktober 2011
Hungary’s diplomatic work during the Libyan conflict — and U.S. gratitude — may mean a stronger case for the country as it seeks a temporary seat in the United Nations Security Council.
more...
Hungary retail sales grow 0.4% yr/yr, m/m in August after contraction in July
21 oktober 2011
The volume of retail sales in Hungary increased by 0.4% month on month in August, according to data adjusted seasonally and by working days, following a 0.3% drop in July, the Central Statistics Office (KSH) has reported on Friday.
more...
Our Sponsors
