Analysis and Statistics

Kopint-Tarki Lowers Growth Forecast for 2009 to 2.8 pct

Economic think tank Kopint-Tarki has kept its projection for Hungary's 2008 GDP growth unchanged at 2.2 pct, but lowered its projection for 2009 growth to 2.8 pct in its latest forecast, down from 3.0 pct in the previous one published in June.

 


Construction Output down Adjusted 12.8 pct yr/yr in July

The output of Hungary's construction sector fell 12.8 pct yr/yr in July after a 9.0 pct decline in June according to workday-adjusted figures. Unadjusted figures show a 11.8 pct decrease after a 8.1 pct, the Hungarian Central Statistical Office (KSH) said on September 18th 2008. 


Consumer Price Inflation Slows to 6.5 Pct in August

 

Twelve-month consumer price inflation slowed to 6.5 pct in August from 6.7 pct in July, the Hungarian Central Statistical Office (KSH) said on September 11th 2008. 

 


Hungary Q2 GDP Grew by 2.1%

Hungary's second-quarter gross domestic product (GDP) grew by an unadjusted 2.2% and a calendar-year adjusted 2.1% from the same period a year earlier, according to a first estimate by the Central Statistics Office (KSH) and its research arm Ecostat, published on August 16th 2008. KSH noted that the preliminary figures have a margin of error of +/- 0.2 percentage points.


Lending Growth and Forex Gains Raise OTP Q2 Profits by 47%

The second-quarter after-tax profit of Hungary's OTP Bank has jumped by 46.6% to HUF 74.3 billion from the same period a year earlier, boosted by lending growth and big forex gains, the bank said in its consolidated IFRS report for the period, published on August 14th 2008.


Hungarians Buy Nearly Twice as Many Laptops as Desktop Computers

Hungarians bought nearly twice as many laptops as desktop computers in the first half of 2008, compared to the same period a year earlier, business daily Vilaggazdasag reported on August 13th 2008, citing figures compiled by market research company IDC.


Suzuki Turns Out One-Third More Cars at Hungary Plant

Japanese carmaker Suzuki turned out 149,438 vehicles at its plant in Hungary in the first half of the year.


GKI projects higher growth, firmer forint

Economic think tank GKI has raised its projection for Hungary's 2008 GDP growth to 3.0 pct in its latest forecast from 2.5-3.0 pct in May, and it puts the average HUF/EUR rate at 245 for the year, compared to an average of 253.6 in the first half of 2008.


Number of Registered Businesses Increases 22.5 pct in H1

The number of businesses registered in Hungary was 1.624 million at the end of June, 2008, 298,000 or 22.5 pct more than at the end of 2007, and 342,000 or 26.7 pct more than at the and of June, 2007, the Hungarian Central Statistical Office (KSH) reported on July 31.


News Monitoring