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HUNGARY: Magyar Calls for Early Election, Manufacturing PMI Rises Above 50

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary
  • Prime Minister Viktor Orban’s main opponent Peter Magyar called for early elections in a New Year’s speech posted on social media. “Let there be a new election, to return the right of deciding their fate to the people,” he said. The next general election is currently slated for 2026.
  • Meanwhile, Hungary's manufacturing PMI rose to 50.6 in December from a revised 50.4 in November, according to data from Halpim. That marks the first reading above the expansionary 50-threshold since May.
  • According to a statement from the Finance Ministry, the Debt Management Agency has bought back HUF 462bln of government bonds from the central bank in order to lower Hungary’s debt level. That follows a purchase of HUF 615bln of bonds on Dec 19.
  • There are no other economic releases scheduled for today, with unemployment rate and trade balance figures for November both due tomorrow morning.
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  • Prime Minister Viktor Orban’s main opponent Peter Magyar called for early elections in a New Year’s speech posted on social media. “Let there be a new election, to return the right of deciding their fate to the people,” he said. The next general election is currently slated for 2026.
  • Meanwhile, Hungary's manufacturing PMI rose to 50.6 in December from a revised 50.4 in November, according to data from Halpim. That marks the first reading above the expansionary 50-threshold since May.
  • According to a statement from the Finance Ministry, the Debt Management Agency has bought back HUF 462bln of government bonds from the central bank in order to lower Hungary’s debt level. That follows a purchase of HUF 615bln of bonds on Dec 19.
  • There are no other economic releases scheduled for today, with unemployment rate and trade balance figures for November both due tomorrow morning.