MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Retail Sales Plunge 10.1% y/y; Trade Balance Moves to Surplus

HUNGARY
  • Prime Minister Orban’s government is seeking to extend emergency rule by six months, citing the war in neighbouring Ukraine, Bloomberg report. The legislation would extend Orban’s ability to rule by decree beyond the end of the month. It’s expected to pass since Orban’s Fidesz party has more than a two-thirds majority in the chamber.
  • Retail sales fell 10.1% y/y (Est: -5.9%) in February compared to -4.5% in January, according to data released by the Central Statistical Office this morning. Food sales dropped by 8.6%, while non-food sales were 9.8% lower. The disappointing data follows yesterday’s 4.6% yearly drop in industrial production (Est: -1.5%).
  • Meanwhile, Hungary's preliminary trade balance moved to a surplus of EUR513m in February from -EUR413m in January. Exports rose by an annual 10.5% while imports increased by 3.8%. Prior to this reading, Hungary had recorded trade deficits since June 2021.
  • Cabinet Minister Gergely Gulyas will hold a regular briefing at 0900BST/1000CET following yesterday’s government meeting.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.