September 05, 2024 07:11 GMT
HUNGARY: Retail Sales Growth Below Expectations, JPY Debt Offering Priced
HUNGARY
- Hungary’s retail sales rose 2.5% y/y in July, a moderation from the +2.6% recorded in June and below expectations of a larger +3.1% increase.
- Meanwhile, the preliminary trade surplus narrowed to EUR 203m in July from EUR 1.124bn in June. Imports rose 3.7% m/m while exports fell 4.2% m/m.
- Industrial production figures for July will cross the wires tomorrow morning, with the data expected to show a deeper contraction of -5.9% y/y compared to -3.7% in June.
- Hungary raised JPY 39.6bn ($276m) in a Samurai bond sale after dropping two of the four parts of the initial offering, Bloomberg report. The sale comprised a JPY 38.3bn three-year note and JPY 1.3bn in 10-year green bonds. When books opened, Hungary was also offering two other Green notes, but said that one or more tranches may be dropped depending on demand and its preferences.
- NBH Governor Gyorgy Matolcsy and EU Funds Minister Tibor Navracsics are among the speakers at an annual economics conference in eastern Hungary today. There are no timings for the events.
168 words