Statistical data of February only show a moderate impact from the coronavirus. Industrial output was 4.1% higher, construction output was 2.5% higher than one year before. At the same time, however, the annual comparison shows that the volume of retail sales increased considerably, by 10.9%, which is explained by the shopping rush triggered by the coronavirus panic. According to the Hungarian Central Statistical Office, this explains 5.7 percentage points of the calendar adjusted 11.3% growth. On a year-on-year basis, the turnover of food shops increased by 10.7%, the turnover of non-food shops increased by 11.4%, and fuel sales increased by 1.8%.
- The budget deficit was 2.0% in 2019,
- The budget deficit was HUF 831.9 billion in the first three months of 2020,
The most recent dataand analysis of the SIGMA indicator developed by the Századvég Gazdaságkutató Zrt. are also published in the monitor. Besides the Monitor includes a special topic each month related to a Hungarian or an international event. The aim of the Monthly Monitor is to present the economic processes based on the most recent data and to give an exact image to the decision-makers about the current state of the economy.
Please find the full report here.
