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Articles related to hungary


Inflation Drops Sharply, but Stability Remains Elusive
Inflation in Hungary decreased in November, but this was mainly due to base effects and government measures. We might be starting on the downward part of the rollercoaster right now – but that means the ride may be set to shoot upwards next

USD Outlook: Fed Cuts Delayed, Euro and Yen Monitor Stimulus and Intervention
It could have been a lot worse for EUR/USD this week. A set of FOMC minutes that poured cold water on a December rate cut and a strong headline rise in the US jobs report could have seen 1.1500 taken out again. But instead, investors seemed to have just delayed rather than abandoned pricing for Fed easing. And Europe may still being showing some signs of life

Hungary’s Inflation Stagnates for the Fourth Consecutive Month Despite Persistent Price Pressures
Inflation in Hungary showed signs of stagnation in October, yet this is still not a success story. With price pressures still above the central bank’s target, it is highly unlikely that we will see any interest rate cuts until autumn next year

Hungary’s Economy Stagnates as Inflation Outlook and Labour Pressures Intensify
In our latest update, we reassess our Hungarian economic and market forecasts at a time when we are still waiting for the end of stagnation and hoping for better days to come. The economy is starving for those order book fillings, and also a big dollop of extra confidence

CEE Markets Brace for Inflation Data and Central Bank Meetings
Yesterday's PMI showed a mixed picture in the region, with the Czech Republic's lower-than-expected, while Poland and Hungary surprised with higher-than-expected readings. Inflation in Turkey surprised the market lower (2.6%/32.9%), in line with our estimate, and inflation returned to a declining trajectory.

Hungary’s Inflation Stuck Above Target Despite Currency Strength and Government Measures
Hungary's September inflation numbers came in flat as expected, but we don't take long-term comfort in that. Price pressures are still far from the central bank’s target. Looking ahead, there is some light at the end of the tunnel. A warning, though: it could be a train

Fed Message in Focus, ECB and BoE Speakers Ahead, CEE Central Banks Hold Hawkish Line
Plenty of Fed speakers this week will clarify the FOMC’s policy views after Chair Powell’s cautious remarks last week. With the Dot Plot signalling two more cuts this year, we don’t expect much support for the dollar, which is looking moderately expensive in the short-term. PMIs across developed countries and the US PCE are the other highlights this week

Poland’s 2Q25 GDP Confirms Solid Growth Amid Services-Led Expansion
Economic growth in Poland remains robust (3.4% year-on-year in 2Q) and is more buoyant than in other countries in Central and Eastern Europe. Industry is facing the same headwinds as CEE peers, and construction is stagnant while services are solidly expanding. Consumption growth should allow for near-4% YoY growth in the second half and 3.5% GDP in 2025

Fed Turmoil, French Political Risks, and Shifting FX Dynamics
Having enjoyed a brief session on Friday of unalloyed joy as Fed Chair Jerome Powell hinted at a September rate cut, financial markets may now face some uncertainty on political developments in France and the US. We're still happy with a bearish story for the dollar, but it might have to be the more defensive Japanese yen or Swiss franc which takes the lead now

Hungary Macro Update: Growth Stalls, Inflation Sticks, Forint Stable for Now
In our latest update, we reassess our Hungarian economic and market forecasts at a time when we are torn between optimism for better days ahead, the reality of the past three years, and the present, which is characterised by low confidence that is still declining. This time, pessimism has won

Hungarian Wage Growth Slows Sharply in May, Raising Concerns for Consumption
In May, real wage growth reached its historical average, which appears weak compared to the double-digit increases seen in previous years. This could potentially harm households' perception of their financial situation and, as a result, diminish consumer confidence

Hungary Holds Rates Steady Amid Inflation Concerns and Uncertainty
National Bank of Hungary Review: A hawkish swan song. The National Bank of Hungary kept interest rates on hold in February for the fifth consecutive month. This comes as little surprise given the overriding pro-inflationary risk, which has been well-flagged by the monetary council. Forward guidance points to a stable policy rate ahead

CEE: Navigating Challenges as the Region Faces Economic Headwinds

CEE Market Update: PMIs Reflect Industry Weakness, Focus on Czech Republic's Economic Indicators

CEE Economic Snapshot: NBP's Hawkish Confirmation and Market Repricing

CEE Economic Outlook: Rates as the Driving Force for FX Gains

CEE Economic Update: Inflation Trends, GDP Releases, and Fiscal Reviews Awaited

The Dynamics of Hungary's Labour Market Amidst Economic Changes and Inflation

National Bank of Hungary Maintains Course with 75bp Rate Cut in November

CEE End-of-Week Report: Inflation Updates and Regional Dynamics

Hungarian Industry: September Surprises with Export-Led Growth, but Domestic Demand Lags

CEE Economic Snapshot: Weak Data Signals Struggles for Hungary and Czech Republic

Monitoring Hungary: Assessing Economic and Market Forecasts as Decision Day Approaches

Tight Labour Market Persists in Hungary Despite Economic Challenges

Hungary’s Budget Faces Ongoing Challenges: A Brief Surplus in September Masks Persistent Issues

Mercor Group's Revenue and Operating Cost Breakdown: A Closer Look

Hungary's Budget Deficit Grows, Raising Concerns Over Fiscal Targets

Positive Shift in Inflation Structure: Core Inflation Falls in Hungary

Hungary's Temporary Inflation Uptick: Food Price Caps and Fuel Costs in Focus

Hungarian Industrial Production Shows Surprise Uptick in Summer

Moody's Decision on Hungary's Rating: Balancing Risks or False Security?

Analyzing the Growth of Real Wages in Hungary (% YoY)

Hungary Economic Outlook: Downgraded Full-year Growth Forecast Amidst Recession Concerns

EUR/USD Upside Potential and Currency Trends in 2024

Hungary's Economic Prospects: Emerging from a Prolonged Recession

Navigating the Fluctuating Landscape of Food Inflation: A Comprehensive Analysis of European Consumer Trends and Market Dynamics

PLN Faces Challenges: GDP Data and Market Reopening Amidst FX Uncertainty

Hungary's Economic Outlook: Anticipating Positive Second Quarter GDP Growth

Key Data Releases and Projections for Poland and Hungary: CPI, GDP, and Economic Trends

CEE: Romanian Inflation Dips into Single-Digit Territory

CEE Update: Hungary's Inflation Dips Below 20%; Focus on State Budget and Forint's Movement

CEE Weekly Outlook: Romania's Rates Unchanged, Inflation Data Ahead

Hungary's Economy: Disinflation and Technical Recession Impacting Growth Prospects

CEE Economies Show Resilience Amid Global Central Bank Focus

Hungary's Central Bank to Maintain Base Rate at 13%, Eyes on Effective Rate Amid Forint's Performance

CEE: Recovery Expected Following Last Week's FX Sell-Off

Central Bank Policy Meeting in Canada and Inflation Outlook in Czech Republic and Hungary

Hungarian Industry Reliant on Automotive Sector as Domestic Demand Shrinks

Hungary's Industrial Production Continues to Decline in May; Manufacturing Subsectors Contribute to the Negative Trend

Hungary's Retail Sales and Industrial Output Plunge Amidst Constrained Domestic Demand

Hungary's Economic Outlook: Navigating a Technical Recession and Disinflationary Pressures

Gas Prices and Forint Outlook: Temporary Depreciation Presents Buying Opportunity

The Dilemma of Hungary's Strong Labour Market: Improving Metrics Amidst a Technical Recession

Emerging from Recession: Hungary's Path to Recovery and Inflation Normalization

Navigating Current Account Challenges: Impact of Energy Prices and Tourism Sector on CEE Economies

Navigating External Shocks: CEE Economic Activity and Global Trade Dynamics

Navigating Slowdown: Assessing CEE Countries' Potential for Growth Amid Global Trends

Central European and Eurasian Local Rates Outlook: Opportunities and Challenges

Hungary's Path to Recovery: Disinflation Process and Export-Driven Growth Point to Optimism

CEE: Increasing Odds of Rate Cut in Poland as Inflation Concerns Ease

CEE: Dovish NBP Press Conference and Bearish View on Zloty

Dovish Tone in CEE Puts Pressure on FX: Czech Republic, Hungary, and Poland in Focus

National Bank of Hungary Preview: Ready, steady, go

Technical recession continues in Hungary

April delivers the first marked drop in Hungarian inflation

Hungarian budget posts biggest April deficit on record

Hungary’s retail sales and industrial output continue to tumble

Monitoring Hungary: Gloom with some silver linings

Hungary’s unemployment does not budge

National Bank of Hungary Review: A new beginning without commitment

Base effects distort Hungarian wages data

This year’s Hungarian budget is manageable, but 2024 looks bleaker

Hungarian retail sales fall off a cliff

The freefall of the Hungarian industry continues

Monitoring Hungary: Peaks and troughs

Hungary’s central bank ain’t got no room for change

Hungarian real wages drop amid sky-high inflation

Hungarian unemployment edges up

Key events in EMEA next week - 17.03.2023

Hungarian inflation peak is behind us

History repeats itself as Hungary’s budget deficit soars

No one saw this big drop coming in Hungarian industry

Hungarian retail sales deteriorate further

Key events in EMEA next week - 06.03.2023

Hungary: Technical recession will be shallow

Key events in EMEA next week - 25.02.2023

High inflation in Hungary motivates people to look for work

National Bank of Hungary preview: Not there yet

Sweden And Finland Are Getting Closer To Becoming NATO Members

Technical recession confirmed in Hungary

Hungary's inflation likely peaked in January

Hungarian industry surprises on the upside

Hungarian retail sales suffer from record inflation

Key events in EMEA next week - 05.02.2023

Monitoring Hungary: Glimmering light at the end of the tunnel

Hungarian forint: National Bank of Hungary is expected to keep the base rate at 13%

In Hungary Both Core And Headline Inflation Ending Up

Despite some positive news, Hungarian economy to turn out to retreat in the second half of 2022?
