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HUNGARY: Manufacturing PMI Slips in April, Nagy Acknowledges Fall in Fuel Prices

HUNGARY
  • Hungary's manufacturing PMI slipped to 51.8 in April from a revised 52.2 in March (Est: 51.7), according to Halpim. Among the sub-indices, the new orders index rose and was over the 50-point mark. The production volume index fell but was over 50.
  • The final reading of Hungary’s trade balance for February was broadly in-line with the preliminary reading at +EUR1.691bn (prelim. +EUR1.652bn). Imports rose 0.6% m/m while exports rose 10.2% m/m, the Central Statistical Office said.
  • An official visit to Hungary by Chinese President Xi Jinping will be a "milestone" in the history of the countries' bilateral relations and could give new impetus to the strengthening of their cooperation, MTI report Gong Tao, the Chinese ambassador, as saying at a press conference. Xi Jinping will arrive in Budapest on May 8.
  • Economy Minister Marton Nagy noted that Hungarian oil and gas company MOL had cut petrol and diesel prices by HUF 10/litre on Monday. "That's another step in the right direction that brings us closer to regional prices," he said. A week earlier, Nagy issued an ultimatum to motor fuel companies: either bring prices at the pump closer to the regional average or face government intervention, MTI report.
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungary
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungary

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