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HUNGARY: Retail Sales Growth Below Expectations, JPY Debt Offering Priced

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • 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.
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  • 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.