(Last updated on April 28, with March jobless figures.)
KEY CENTRAL BANK INTEREST RATES (latest change in brackets)
Base rate 5.25 pct (-25 bps on April 26)
2-week deposit rate 5.25 pct (
25 bps on April 26)
GROSS DOMESTIC PRODUCT (year-on-year pct change)
Q4 2009 Q3 2009 Full 2009 Q4 2008
Unadj. -4.0 -7.1 -6.3 -2.5
Calendar
and seasonally
-adjusted -5.3 -7.1 -6.2 -2.4
Quarter-to-
quarter -0.4 -1.2 N/A -2.3
INFLATION (pct change)
March 2010 Feb 2010 March 2009
Headline CPI m/m 0.7 0.3 0.5
Headline CPI y/y 5.9 5.7 2.9
Core CPI y/y 4.7 4.8 3.1
KSH BREAKDOWN OF CPI MONTHLY CHANGE
Food Alcohol Clothing Consumer Energy Other Service Total
tobacco durables goods
Oct 0.1 0.6 3.7 -0.7 -0.2 -0.4 -0.3 0.0
Nov 0.6 0.5 0.2 -0.3 -1.5 1.5 0.0 0.3
Dec -0.2 0.0 -0.4 -0.2 0.8 -0.3 0.1 0.0
Jan 2.2 2.6 -3.9 0.4 1.7 2.5 0.7 1.4
Feb 0.3 0.1 -2.1 0.0 0.3 0.0 1.0 0.3
March 0.9 0.4 2.9 -0.7 0.3 1.1 0.4 0.7
KSH BREAKDOWN OF CPI YEAR-ON-YEAR CHANGE
Oct 2.8 9.6 0.6 4.9 5.8 3.3 5.6 4.7
Nov 3.3 10.1 0.3 4.3 2.0 7.6 5.9 5.2
Dec 2.9 10.0 0.1 4.0 2.7 10.2 5.8 5.6
Jan 2.9 11.6 1.2 3.9 4.0 13.7 5.6 6.4
Feb 2.1 11.1 0.9 3.4 3.2 11.0 6.0 5.7
March 2.3 11.0 1.4 3.7 3.5 11.6 5.9 5.9
INDUSTRIAL PRODUCER PRICE INDEX (PPI pct change)
Feb 2010 Jan 2010 Feb 2009
Month-on-month 0.9 0.8 3.2
Year-on-year -2.8 -0.6 8.4
INDUSTRIAL OUTPUT (pct change)
Feb 2010 Jan 2010 Feb 2009
Month-on-month (adjusted) -1.7 8.9 -4.2
Year-on-year (adjusted) 8.4 5.7 -25.4
Year-on-year (unadjusted) 8.4 3.4 -28.9
NOTE: Feb. figures are preliminary. Month-on-month figures are seasonally and working day-adjusted. Adjusted year-on-year data reflect the number of working days.
UNEMPLOYMENT (Three-month rolling figures)
Q1 2010 Dec-Feb '10 Q1 2009
Unemployed
(Pct of workforce) 11.8 11.4 9.7
Number of jobless 497,800 478,700 402,800
Employed
(Pct of workforce) 48.4 48.5 48.9
(million) 3.719 3.726 3.764
WAGES (year-on-year pct change)
Feb 2010 Jan 2010 FY 2009
--Real wage N/A 6.1 -2.4
--Net wage 7.7 12.9 1.7
--Gross wage 0.9 6.5 0.5
--Private sector
bonus-adjusted 5.2 4.7 N/A
RETAIL SALES (pct change)
Feb 2010 Jan 2009 Feb 2009
Month-on-month 0.0 0.6 -1.0
Year-on-year -4.3 -5.6 -3.1
NOTE - Month-on-month retail data are seasonally and working day-adjusted. Year-on-year data are working day-adjusted.
BUDGET BALANCE (in billion Hungarian forints)
Jan-March 2010 Jan-March 2009
Central state budget -608.0 -555.5
Indep. govt funds 22.9 27.5
Social sec. funds -24.8 -37.1
Public sector balance -609.9 -565.1
NOTE - The figures are cash-flow based and do not include local governments.
DETAILED CENTRAL BANK C/A AND FINANCING FIGURES
(In million euros, preliminary Q3 figures in brackets)
Q4 Q3 Q4
2009 2009 2008
Trade of goods/services 1,573 1,662 -56
(1,986)
Goods 1,263 981 -88
(1,268)
-Exports 16,119 14,774 16,697
(14,851)
-Imports 14,856 13,793 16,785
(13,583)
Services 3,292 3,687 3,566
(718)
Income and current transfers -1,118 -1,306 -2,329
(-1,288)
CURRENT ACCOUNT 456 356 -2,384
(698)
Capital account 199 346 732
(354)
Non debt creating financing 1,485 958 -225
(1,034)
-Abroad -254 -147 -1,996
(-134)
(Equity capital) -113 -96 -2,099
(-82)
-in Hungary 1,883 1,484 3,150
(1,546)
(Equity capital) 788 417 1,847
(481)
(Reinvested profits) 1,095 1,066 1,303
(1,065)
KSH TRADE BALANCE (million euros)
Feb 2010 Jan 2010 Full 2009 Feb 2009 Jan-Feb 2009
373.6 290.3 4,569.7 295.9 95.9
NOTE - The Feb. 2010 figure is preliminary. The KSH is the Central Statistics Office.
CENTRAL BANK INTERNATIONAL RESERVES (million euros, end-period)
March 2010 Feb 2010 Dec 2009
33,850 32,860 30,676
LATEST TREASURY BILL AUCTION YIELDS (pct)
6-week 3-month 12
month
6.48 4.80 4.91
LATEST GOVERNMENT BOND AUCTION YIELDS (pct)
3-yr 2013/E 5-yr 2015/A 10-yr 2019/A 15
yr 2023/A
5.47 5.86 6.41 7.16
HUNGARY'S SOVEREIGN RATINGS (Outlook in brackets)
Fitch Moody's S&P
(negative) (negative) (stable)
Short-term forint N/A N/A A-3
Long-term forint BBB+ Baa1 BBB-
Short-term foreign c. F3 N/A A-3
Long-term foreign c. BBB Baa1 BBB-
Data release diary.........................
Forecasts for key indicators................
Forecasts for EUR/HUF.....................
Benchmark govt securities yields...........
Government securities auctions...
Auction history..........................
Foreigners' govt bond holding history......
Duration of foreigners' holding history....
NBH forint fixings.........................
Forint/dollar market quotes................
Forint/euro market quotes..................
Interbank o/n, t/n deposit rates...
Budapest Stock Exchange BUX index..........
(Reporting by Sandor Peto) Keywords: HUNGARY INDICATORS/ (sandor.peto@thomsonreuters.com; +36 1 327 4744; Reuters Messaging sandor.peto.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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