Exports fall in September as supply chain woes weigh

Hungary’s exports fell in September from the same period a year earlier, as industry was impacted by supply chain interruptions, a first reading of data released by the Central Statistical Office (KSH) on Monday shows.

Exports edged down by 0.6 percent to 10.304 billion euros. Imports rose by 12.2 percent to 10.303 billion euros, giving Hungary a tiny, 1 million euro trade surplus.

As we wrote last week, the European Bank for Reconstruction and Development (EBRD) raised its forecast for Hungary’s GDP growth this year to 7.7 percent in a biannual report.

Retail sales in Hungary rose by an annual 5.8 percent in September, data released by the Central Statistical Office (KSH) on Friday show. Read details HERE.