• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Hungary’s industrial output grew 4 percent in July, current account deficit hugeHungary’s industrial output grew 4 percent in July, current account deficit hugeHungary’s industrial output grew 4 percent in July, current account deficit hugeHungary’s industrial output grew 4 percent in July, current account deficit huge
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • Forint on a slope again, and the worst may come next week

  • Budapest Airport offers 107 destinations, plans to launch these Transatlantic flights

  • Market leader Porsche subsidiary introduces the euro in Hungary

Support us
Daily News Hungary Daily News Hungary · 14/09/2022
· Business

Hungary’s industrial output grew 4 percent in July, current account deficit huge

diósgyőr miskolc chocolate factory

Miskolc, 6 September 2022. Chocolate figurines are made at Nestlé's chocolate factory in Diósgyőr, Miskolc, on 6 September 2022. The 60-year-old factory in Miskolc is the only plant in the group to produce hollow figures. Source: MTI/Vajda János

Hungarian industrial output grew by an unadjusted annual 4 percent in July, quickening from growth of 1.5 percent in the previous month, the Central Statistical Office (KSH) said on Friday. In the meantime, Hungary’s current account posted a deficit of EUR 1.673 billion in July, more than double the 806 million deficit in June, the National Bank of Hungary (NBH) said on Wednesday.

Industrial output

Adjusted for the number of working days, July output was up 6.6 percent. Month on month, output grew by 1.1 percent, based on seasonally and working day-adjusted data. Output of the automotive industry, Hungary’s biggest manufacturing sector, increased by an annual 16.6 percent, and was up 2.9 percent from the previous month.

Output of the computer, electronics and optical equipment segment rose by 14.4 percent year on year. The food, drinks and tobacco segment rose by an annual 7.4 percent. In the January-July period, output increased by 4.9 percent from the same period a year earlier.

  • Read also: Hungarian tourism in crisis: is there a way out?

Current account deficit

Hungary’s current account posted a deficit of EUR 1.673 billion in July, more than double the EUR 806 million deficit in June, the National Bank of Hungary (NBH) said in a release of preliminary data on Wednesday.

The trade balance was EUR 908 million in the red in July, resulting from an EUR 1.490 billion deficit in the trade of goods and an EUR 582 million surplus in the trade of services. The primary income balance showed a deficit of EUR 635 million, as investors repatriated EUR 449 million from direct investments. Capital transfers from the European Union came to EUR 301 million.

supermarket store food inflation
Read alsoThese foodstuffs will see the biggest price surge in Hungary

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
economy Hungary industrial money National Bank of Hungary
Share

Hot news

  • Lex battery plant: authorities can no longer fine pollutant factories in Hungary?

  • PHOTOS: New building of elite Hungarian MCC College opened in Transcarpathia, Ukraine

  • Orbán cabinet fired too many military officers: nobody can use high-tech weapons

  • What happened today in Hungary? – 24 September, 2023

  • Opposition party wants Hungarian minister to resign

  • Photo Gallery: Hungarian medieval castle unknown bastion found

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.

Thank you!

You have successfully joined our subscriber list.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Lex battery plant: authorities can no longer fine pollutant factories in Hungary?

Lex battery plant: authorities can no longer fine pollutant factories in Hungary?

Read More
PHOTOS: New building of elite Hungarian MCC College opened in Transcarpathia, Ukraine

PHOTOS: New building of elite Hungarian MCC College opened in Transcarpathia, Ukraine

Read More
Orbán cabinet fired too many military officers: nobody can use high-tech weapons

Orbán cabinet fired too many military officers: nobody can use high-tech weapons

Read More
What happened today in Hungary? – 24 September, 2023

What happened today in Hungary? – 24 September, 2023

Read More
Opposition party wants Hungarian minister to resign

Opposition party wants Hungarian minister to resign

Read More
Photo Gallery: Hungarian medieval castle unknown bastion found

Photo Gallery: Hungarian medieval castle unknown bastion found

Read More
PHOTOS: Beautifully renewed Hungarian churches in Transylvania, Romania

PHOTOS: Beautifully renewed Hungarian churches in Transylvania, Romania

Read More
PHOTOS, VIDEO: Futuristic boats take possession of Lake Balaton

PHOTOS, VIDEO: Futuristic boats take possession of Lake Balaton

Read More
PHOTOS: Academic year of Hungarian college in Ukraine started in red-white-green

PHOTOS: Academic year of Hungarian college in Ukraine started in red-white-green

Read More
PHOTOS, VIDEO: Ancient documents, coins found in Murga church

PHOTOS, VIDEO: Ancient documents, coins found in Murga church

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?