CANADA SEPT FLASH RETAIL SALES +0.4%, AUG SALES +0.4%

MNI: Canada Retail Sales Rise For Third Straight Month

MNI China Daily Summary: Friday, October 25

MNI BRIEF: China's Next NPC Meeting Scheduled For Nov 4 to 8

MNI: PBOC Net Injects CNY184.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1090 Fri; +2.73% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL OCT INDEX 70.5

MNI: BELGIUM OCT BNB BUSINESS SURVEY -12.8

MNI:US SEP DURABLE NEW ORDERS -0.8%; EX-TRANSPORTATION +0.4%

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

CANADA: Politics Week: Parliament Opens With Early Election Threats

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

HUNGARY: Unemployment Rate Unexpectedly Rises to 4.5% in September

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • Hungary’s unemployment rate rose to 4.5% in September from a revised 4.4% in August, according to the Central Statistical Office. That compared to estimates of 4.2%, with the September figure matching January’s reading to mark the highest level since July 2020. The number of employed was down 32,000 from twelve months earlier, though the statistics office noted that the drop was from a high base.
  • Meanwhile, Hungary's GKI economic sentiment fell to -13.5 in October from -12.9 in September. Business confidence was unchanged at -8.7 while consumer confidence fell to -27.1 from -25.0.
  • Hungary has the right to pursue an economic policy of its own, Prime Minister Orban said in an interview on public radio cited by MTI, adding that "If God helps us, those standing for peace replace those rooting for war in America and President Trump returns, we will be relieved because we are no longer alone."
  • There are no other data releases scheduled for today. Focus next week turns to preliminary Q3 GDP figures, trade balance, PPI and manufacturing PMI data.
171 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Hungary’s unemployment rate rose to 4.5% in September from a revised 4.4% in August, according to the Central Statistical Office. That compared to estimates of 4.2%, with the September figure matching January’s reading to mark the highest level since July 2020. The number of employed was down 32,000 from twelve months earlier, though the statistics office noted that the drop was from a high base.
  • Meanwhile, Hungary's GKI economic sentiment fell to -13.5 in October from -12.9 in September. Business confidence was unchanged at -8.7 while consumer confidence fell to -27.1 from -25.0.
  • Hungary has the right to pursue an economic policy of its own, Prime Minister Orban said in an interview on public radio cited by MTI, adding that "If God helps us, those standing for peace replace those rooting for war in America and President Trump returns, we will be relieved because we are no longer alone."
  • There are no other data releases scheduled for today. Focus next week turns to preliminary Q3 GDP figures, trade balance, PPI and manufacturing PMI data.