Publication of the latest data on the performance of the Hungarian economy

Hungary’s trade balance showed a trade deficit of 244 million euros in January, the Central Statistical Office (KSH) said in a second reading of data released on Friday.

Exports increased by 16.5% per year to 10.414 billion euros, while imports increased by 33.4% to 10.657 billion.

Trade with other EU Member States accounted for 78% of exports and 71% of imports. Hungary’s public sector recorded a deficit of 3.736 billion forints in 2021, or 6.8% of GDP, according to the European Union’s accrual accounting methodology, the Central Statistical Office (KSH) said on Friday. in a preliminary press release.

The deficit to GDP was one percentage point lower than the gap in 2020.

Hungary’s seasonally adjusted Purchasing Managers’ Index (PMI) fell from 53.8 in February to 57.6 points in March, the Hungarian Association of Logistics, Purchasing and Warehouse Management announced on Friday. stocks (Halpim). A PMI above 50 signals an expansion in the manufacturing sector.

Among the PMI sub-indices, the new orders index climbed from the previous month and remained above 50.

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Laura T. Thrasher