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Latest figures from the Central Statistical Office: Hungary has EUR 583 m trade surplus, factory gate prices fall
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Factory gate prices in Hungary dropped by an annual 4.3 percent in February, falling for the seventh month in a row after rising for years, data released by the Central Statistical Office (KSH) on Tuesday show. Hungary has EUR 583 m trade surplus.
Factory gate prices
According to KSH, domestic sales prices fell by 5.8 percent, and export prices declined by 3.5 percent.
In a month-on-month comparison, factory gate prices increased by 0.5 percent, domestic sales prices increased by 0.7 percent, and export prices increased by 0.3 percent.
Domestic prices of the manufacturing sector, which have a 60.0 percent weight in the PPI, dropped by 2.0 percent year-on-year. Domestic energy prices, which account for 38.6 percent of PPI, fell by 14.1 percent.
Export prices of the manufacturing sector, which has an 82.9 percent weight in the PPI, increased by 0.7 percent, while energy sector export prices, with a 16.7 percent weight, dropped by 33.1 percent.
Capacity – of Cash availability spread the “Breath & Width” of Hungary – from householders, through Industry -all componentry of the Hungarian Economy, these “Statistic’s” highlight the on-going alarming picture of Hungary – it’s strangulating decline – of it’s PURCHASING Power – it’s in-ability to purchase affordability of IMPORTS.
Historically, this FACT highlights an Economy of a country, that is VOID of having or obtaining ANY real GROWTH.
This is the gargantuan MESS that is one of the Major Economic & Financial “stuff up’s” – created by the Minister of Finance – Mihaly Varga, signed off by the present Prime Minister of Hungary – Victor Mihaly. Orban and his Fidesz Government.
It WILL Worsen.
Key message: Exports fell imports dropped by double digits. All is good in the Land of Unicorns!