Our wallets have felt it too, imports have become brutally more expensive
KSH industrial production and external trade data are now available:
Industrial output growth slows to crawl in Nov
The growth rate of Hungarian industrial output in November slowed to an annual 0.5 percent from 5.9 percent in the previous month, the Central Statistical Office (KSH) said on Monday.
Adjusted for the number of working days, output grew by 0.8 percent.
Growth in car manufacturing was up “significantly”, KSH said. Computer, electronics and optical equipment, as well as food, drinks and tobacco saw a drop in output.
In the Jan-Nov period, output grew by an annual 6 percent, while month on month it fell by 0.7 percent, based on seasonally and working day-adjusted data.
Hungary trade deficit EUR 1.283 bn in Nov
Hungary posted a 1.283 billion euro trade deficit in November after a gap of 923 million in October, the Central Statistical Office (KSH) said on Monday, presenting a first reading of the data.
In November 2022:
The value of exports amounted to EUR 13,132 million (HUF 5,364 billion) and that of imports to EUR 14,415 million (HUF 5,900 billion).
The deficit of the external trade in goods was EUR 1.3 billion (HUF 536 billion).
The share of EU Member States (EU27_2020) was 78% in exports and 63% in imports.
In November 2022 compared to a year earlier:
The value of exports increased by 18% and that of imports by 29% in EUR terms.
