Latest figures from the Central Statistical Office: Hungary has EUR 583 m trade surplus, factory gate prices fall

Factory gate prices in Hungary dropped by an annual 4.3 percent in February, falling for the seventh month in a row after rising for years, data released by the Central Statistical Office (KSH) on Tuesday show. Hungary has EUR 583 m trade surplus.

Factory gate prices

According to KSH, domestic sales prices fell by 5.8 percent, and export prices declined by 3.5 percent.

In a month-on-month comparison, factory gate prices increased by 0.5 percent, domestic sales prices increased by 0.7 percent, and export prices increased by 0.3 percent.

Domestic prices of the manufacturing sector, which have a 60.0 percent weight in the PPI, dropped by 2.0 percent year-on-year. Domestic energy prices, which account for 38.6 percent of PPI, fell by 14.1 percent.

Export prices of the manufacturing sector, which has an 82.9 percent weight in the PPI, increased by 0.7 percent, while energy sector export prices, with a 16.7 percent weight, dropped by 33.1 percent.

Trade surplus in January

Hungary had a 583 million euro trade surplus in January, after the balance turned negative for the first time in almost a year in December, a second reading of data released by the Central Statistics Office (KSH) on Tuesday shows.

Exports fell by an annual 6.8 percent to 11.506 billion euros. Imports dropped by 14.3 percent to 10.923 billion euros.

Trade with other European Union member states accounted for 78 percent of Hungary’s exports and 69 percent of its monthly imports.

Hungary’s terms of trade improved by 3.2 percent during the period as the forint firmed 3.4 percent against the euro and 4.6 percent to the dollar.

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