NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

Machine Orders Data Points To Slow And Gradual Recovery

Unemployment Steady; Projected to Rise Gradually

MNI: EUROZONE MAR UNEMPLOYMENT RATE 6.5%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Unemployment Rate Unexpectedly Falls in March; S&P Review Scheduled After Hours

HUNGARY
BulletEM BulletEmerging Market NewsHomepage
  • Hungary’s unemployment rate fell to 4.4% in March (Est: 4.6%) from 4.6% in February, according to the Central Statistical Office. In absolute terms, there were 217,200 unemployed in March, 9,700 fewer than in February and 22,200 more than twelve months earlier. The rolling three-month average jobless rate stood at 4.6% in March, down from 4.7% in February.
  • Hungary is opposed to a European Commission proposal that would double or triple tariffs on Chinese electric vehicles from 10pc at present, National Economy Minister Marton Nagy said on Thursday. A number of other EU member states, including Germany, share that position, Nagy said.
  • As a reminder, Chinese President Xi Jinping will visit Hungary from May 8 to 10 as part of a trip to Europe. According to Bloomberg, Prime Minister Orban is seeking to expand economic ties with China, including by broadening Hungary’s participation in the Belt and Road Initiative to include further rail modernization projects as well as the financing of a new crude pipeline connecting it with Serbia.
  • S&P is set to review Hungary’s sovereign credit rating after hours today (current rating: BBB-; Outlook Stable), following warnings from Fitch and the NBH about fiscal slippage. Looking ahead to next week, PPI data, Q1 GDP data, trade balance and manufacturing PMI figures are all on the docket.
213 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 fell to 4.4% in March (Est: 4.6%) from 4.6% in February, according to the Central Statistical Office. In absolute terms, there were 217,200 unemployed in March, 9,700 fewer than in February and 22,200 more than twelve months earlier. The rolling three-month average jobless rate stood at 4.6% in March, down from 4.7% in February.
  • Hungary is opposed to a European Commission proposal that would double or triple tariffs on Chinese electric vehicles from 10pc at present, National Economy Minister Marton Nagy said on Thursday. A number of other EU member states, including Germany, share that position, Nagy said.
  • As a reminder, Chinese President Xi Jinping will visit Hungary from May 8 to 10 as part of a trip to Europe. According to Bloomberg, Prime Minister Orban is seeking to expand economic ties with China, including by broadening Hungary’s participation in the Belt and Road Initiative to include further rail modernization projects as well as the financing of a new crude pipeline connecting it with Serbia.
  • S&P is set to review Hungary’s sovereign credit rating after hours today (current rating: BBB-; Outlook Stable), following warnings from Fitch and the NBH about fiscal slippage. Looking ahead to next week, PPI data, Q1 GDP data, trade balance and manufacturing PMI figures are all on the docket.