Economic Observatory

The Hungarian economy, month by month

Up-to-date indicators and the monthly reports.

1,6%
GDPforecast
previsione 2026 (invariata)
1,3%
Inflation
agosto 2026 · attesa al 2,3% a fine anno
5,50%
MNB base rate
settembre 2026 · invariato
7,5%
Deficit / GDPforecast
obiettivo ufficiale 2026

Source: UniCredit Bank Hungary — Macroeconomic Developments — settembre 2026

Trend

GDPforecast 1,6%
JAN 26SEP 26
previsione 2026 (invariata)
Inflation 1,3%
JAN 26SEP 26
agosto 2026 · attesa al 2,3% a fine anno
MNB base rate 5,50%
JAN 26SEP 26
settembre 2026 · invariato
Deficit / GDPforecast 7,5%
JAN 26SEP 26
obiettivo ufficiale 2026

Economic reports

Macroeconomic developments — September 2026
Economic reports 19.10.2026

Macroeconomic developments — September 2026

Exports picking up, consumption driving growth, MNB on hold at 5.5%

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Macroeconomic developments — August 2026
Economic reports 18.09.2026

Macroeconomic developments — August 2026

Consumption holds up, investment stalls, inflation at 1.2%

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Macroeconomic developments — July 2026
Economic reports 25.08.2026

Macroeconomic developments — July 2026

Slower growth, but exports start contributing again

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Macroeconomic developments — June 2026
Economic reports 15.06.2026

Macroeconomic developments — June 2026

A good start to the year, but an uphill road.

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Macroeconomic update — May 2026: a good start to the year, but an uphill road
Economic reports 26.05.2026

Macroeconomic update — May 2026: a good start to the year, but an uphill road

In the first quarter of 2026 the Hungarian economy grew by 1.7% year on year and by 0.8% over the previous quarter, exceeding expectations. The impetus came…

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Macroeconomic update — April 2026
Economic reports 30.04.2026

Macroeconomic update — April 2026

Hungary: a political reset in a tight fiscal context.

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Macroeconomic update — February 2026
Economic reports 27.03.2026

Macroeconomic update — February 2026

The joint intervention by the United States and Israel against Iran triggered the most severe energy-supply shock in decades, pushing the price of Brent crude…

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Macroeconomic update — January 2026
Economic reports 28.02.2026

Macroeconomic update — January 2026

Although the latest data show that several economic indicators — such as industrial production and orders, exports and confidence indicators — have recorded a…

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Industry and employment: data, trends and challenges of the Hungarian economy
Economic reports 31.01.2026

Industry and employment: data, trends and challenges of the Hungarian economy

The Hungarian economy closed 2025 with a mixed picture, caught between global headwinds and growth close to stagnation, while private consumption remains in…

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