October 25, 2024 07:11 GMT
HUNGARY: Unemployment Rate Unexpectedly Rises to 4.5% in September
HUNGARY
- 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.
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