Brutal fall in export turnover in Hungary
Hungary’s trade balance in May posted a surplus of 1.146 billion euros, narrowing from 1.750 billion in April, the Central Statistical Office (KSH) said on Friday in a first reading of data.
Export and import fall
Exports fell by an annual 8.8 percent to 11.922 billion euros, while imports dropped by 9.0 percent to 10.776 billion.
In the January-May period, Hungary posted a trade surplus of 6.739 billion euros, with exports down 4.9 percent to 60.945 billion euros and imports 11.6 percent lower at 54.406 billion.
May industrial output falls
Hungarian industrial output in May fell by an unadjusted 5.2 percent, KSH said.
Adjusted for the number of working days, output fell by 4.9 percent.
Output of most manufacturing sector branches fell, KSH said. Among the biggest segments, output of the automotive, the electrical equipment, and the computer, electronics and optical equipment segments dropped, while output of the food, drink and tobacco segment grew from a year earlier, it added.
Month on month, output was down 1.1 percent based on seasonally and working day-adjusted data.
In the January-May period, industrial output declined by an annual 2.4 percent.
May retail sales up
Retail sales in Hungary grew by an annual 3.6 percent in May, down from 3.7 percent in April, KSH said.
Adjusted for calendar-year effects, the May figure was 3.6 percent higher.
Adjusted food sales grew by 6.3 percent, non-food sales by 1.8 percent, while vehicle fuel sales eased by 0.7 percent.
Month on month, sales edged up 0.1 percent, adjusted for seasonal and calendar-year effects.
In the January-May period, retail sales rose by an unadjusted 3.3 percent and an adjusted 2.7 percent from the same period a year earlier.
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3 Comments
The numbers are doing the talking. Data. Facts. I wonder who our Politicians will blame, this time? Could not possibly be them!
Firework’s intensified targeting for there, the immediate REMOVAL from POWER of this Orban – Fidesz Government, what a BLAST that would be.
Norbert commentary – Concur.
Orban – the Fidesz Government, there is NO way out for THEM, to rescind or reverse the SHAMBLES that just GROW’s on, in Hungary.
There options are SCREWED just like them as a GOVERNMENT that go on inflicting pain and agony to millions of Hungarians, that leaves NO Hope for them or for us as a country.
This SCREWED position that the Orban – Fidesz Government have DELIVERED us to – as a country, as has been there practice and policy in the past, as MATTERS continue to DETERIORATE in Hungary – the nadir, of what’s COMING still a distance off, this Government, will SCREW us deeper – “bleed” us in an effort to SURVIVE.
HOW low can we be SENT ?
HORRENDOUS.
Firework’s intensified targeting for there, the immediate REMOVAL from POWER of this Orban – Fidesz Government, what a BLAST that would be.
Norbert commentary – Concur.
Orban – the Fidesz Government, there is NO way out for THEM, to rescind or reverse the SHAMBLES that just GROW’s on, in Hungary.
There options are SCREWED just like them as a GOVERNMENT that go on inflicting pain and agony to millions of Hungarians, that leaves NO Hope for them or for us as a country.
This SCREWED position that the Orban – Fidesz Government have DELIVERED us to – as a country, as has been there practice and policy in the past, as MATTERS continue to DETERIORATE in Hungary – the nadir, of what’s COMING still a distance off, this Government, will SCREW us deeper – “bleed” us in an effort to SURVIVE.
HOW low can we be SENT ?
HORRENDOUS.