HungaryTrends – The week in business and finance

Budapest (MTI) – See below MTI’s main business and financial news from the previous week:

HUNGARY CPI SLOWS TO 2.7 PC IN MARCH

Consumer prices in Hungary rose by 2.7 percent year-on-year in March, slowing from 2.9 percent in February which was just under the central bank’s 3 percent mid-term “price stability” target, the Central Statistical Office (KSH) said.

CONSTRUCTION SECTOR OUTPUT JUMPS 15.2 PC IN FEB

Hungary’s construction sector output climbed by 15.2 percent year-on-year in February, data released by KSH shows. Construction sector output was up by 18.5 percent in January after declining for twelve months in a row.

BANKING SECTOR LIQUIDITY RISES IN MARCH

Forint liquidity of Hungary’s banking sector rose in March from a month earlier, the National Bank of Hungary (NBH) said in a report based on preliminary data. The average stock of banks’ one-day deposits rose 217.8 billion forints (696 million euros) in March to 775.4 billion forints (2.5 billion euros) after a steep 314.6 billion forint (1 billion euros) fall in February.

HOUSEHOLDS’ NET FINANCIAL ASSETS SURPASS GDP IN 2016 – NBH

Net household financial assets in Hungary rose to 35.752 billion forints (114 million euros) at the end of 2016, and surpassed the country’s GDP for the first time ever, a study by NBH staff members published on the NBH website said.