BUDAPEST, Jan 10 (Reuters) - Hungary's latest indicators.
(Last updated on Jan 10, with g
overnment bond auction
average yields.)
Base rate 5.75 pct (-25 bps on Dec 18)
2-week deposit rate 5.75 pct (-25 bps on Dec 18)
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GROSS DOMESTIC PRODUCT CHANGE (PCT)
Q3 2012 Q2 2012 Q1-Q3 2012
Unadjusted (y/y) -1.5 -1.5 -1.3
Calendar-adjusted (y/y) -1.4 -1.5 -1.4
Seasonally and
calendar-adjusted (q/q) -0.2 -0.4 N/A
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INFLATION (pct change)
Nov '12 Oct '12 Nov '11
Headline CPI m/m -0.1 0.1 0.7
Headline CPI y/y 5.2 6.0 4.3
Core CPI y/y 5.1 5.1 3.1
KSH BREAKDOWN OF MONTHLY CHANGE
Food Alcohol Clothing Consumer Energy Other Service TOTAL
tobacco durables goods
2011
Nov 1.2 1.2 0.7 -0.1 0.5 1.5 -0.2 0.7
Dec 0.1 1.3 0.1 0.2 0.1 0.0 0.2 0.2
2012
Jan 2.8 3.0 -2.7 -0.2 1.0 2.8 2.2 2.1
Feb 1.7 0.9 -0.6 0.1 2.7 0.2 0.3 0.8
March 0.8 3.0 0.9 -0.3 0.2 1.2 0.2 0.8
April 0.8 1.1 2.4 0.0 0.3 1.4 0.5 0.8
May 0.3 0.6 0.9 -0.3 0.1 -1.4 -0.1 -0.2
June 1.9 0.4 -3.0 0.1 0.5 1.2 0.3 0.7
July -0.2 0.5 -2.2 0.0 -0.3 -1.0 0.8 -0.1
Aug -0.9 0.5 -1.8 -0.2 -0.2 1.6 0.3 0.1
Sept 0.6 1.3 1.4 -0.2 -0.5 1.1 -0.1 0.4
Oct 0.6 0.5 3.0 0.1 1.0 -0.6 -0.4 0.1
Nov 0.7 0.8 0.5 -0.2 0.1 -1.6 -0.1 -0.1
KSH BREAKDOWN OF CPI YEAR-ON-YEAR CHANGE
Food Alcohol Clothing Consumer Energy Other Service TOTAL
tobacco durables goods
2011
Nov 5.1 1.6 3.4 -1.4 6.3 8.6 2.5 4.3
Dec 4.6 4.1 2.5 -1.2 5.9 6.8 2.7 4.1
2012
Jan 5.5 6.7 2.8 -1.5 6.4 8.5 4.6 5.5
Feb 6.0 7.6 4.8 -1.3 8.1 8.7 4.5 5.9
March 4.7 10.8 3.6 -1.4 6.8 8.6 4.1 5.5
April 4.2 12.6 2.0 -1.2 7.0 9.1 4.2 5.7
May 4.1 13.2 2.0 -1.3 6.9 7.7 3.8 5.3
June -0.1 0.7 -0.3 -0.1 0.0 -0.4 0.5 0.1
July 6.1 14.1 2.6 -0.9 6.3 7.1 4.1 5.8
Aug 6.3 14.1 3.5 -0.8 6.2 7.9 4.1 6.0
Sept 7.5 15.6 2.5 -1.0 5.6 8.6 4.5 6.6
Oct 7.6 15.4 1.7 -1.2 5.0 6.4 4.2 6.0
Nov 7.1 15.0 1.5 -1.3 4.6 3.2 4.3 5.2
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INDUSTRIAL PRODUCER PRICE INDEX DATA (pct change)
PPI Oct 2012 Sept 2012 Oct 2011 Jan-Oct 2012
y/y 0.2 2.5 7.0 5.6
m/m -0.4 0.8 1.9 N/A
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INDUSTRIAL OUTPUT (pct change)
Nov 2012 Oct 2012 Nov 2011
Month-on-month (adjusted) -0.1 -3.8 3.3
Year-on-year (adjusted) -6.9 -3.8 3.5
Year-on-year (unadjusted) -6.9 -1.7 3.5
NOTE: Month-on-month figures are seasonally and working
day-adjusted. Adjusted year-on-year data reflect the number of
working days.
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UNEMPLOYMENT Aug-Oct 2012 July-Sept 2012 Aug-Oct 2011
Unemployed 10.5 10.4 10.8
(Pct of workforce)
Number of jobless 462,900 457,700 468,000
Employed 51.4 51.4 50.3
(Pct of workforce)
(million) 3.935 3.936 3.863
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Oct Sept Jan-Oct 2012
GROSS WAGE GROWTH (Y/Y) 4.6 3.7 4.5
Private sector 8.3 6.6 7.3
Public sector -4.1 -3.2 -2.1
Ex-bonus private sector 8.7 6.8 8.2
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RETAIL SALES (pct change)
Oct Sept Oct 2011 Jan-Oct 2012
Month-on-month -0.4 -0.4 -0.1 n/a
Year-on-year -3.7 -3.1 +0.7 -1.8
NOTE - Month-on-month retail data are seasonally and working
day-adjusted. Year-on-year data are working day-adjusted.
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BUDGET BALANCE (in billion Hungarian forints)
Jan-Dec 2011 Jan-Dec 2012
Central state budget -1,727.1 -620.1
Indep. govt funds 69.2 130.4
Social sec. funds -83.7 -117.8
BALANCE -1,741.6 -607.5
NOTE - The figures are preliminary, cash flow-based and do not
include local governments.
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CURRENT ACCOUNT AND FINANCING (in million euros)
Q3 Q2 Q3
2012 2012 2011
Trade of goods/services 2,281 2,165 1,661
-Goods 1,187 1,308 672
--Exports 19,163 19,343 18,600
--Imports 17,976 18,035 17,928
-Services 1,094 857 989
Income and current
transfers -1,502 -1,687 -1,333
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CURRENT ACCOUNT 780 478 328
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Capital account 556 482 747
Financial account -2,548 -1,446 910
-Direct investment 847 -530 -570
Abroad -294 -1,676 -247
In Hungary 1,142 1,146 -323
-Portfolio investments 1,962 -676 2,056
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KSH TRADE BALANCE (million euros)
Nov Jan-Nov Oct Nov 2011 Jan-Nov 2011
703.8 6,781.6 646.9 693.4 6,760.2
NOTE: Figures from the Central Statistics Office (KSH).
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CENTRAL BANK INTERNATIONAL RESERVES (bln euros, end-period)
Nov 2012 Oct 2012 Dec 2011 Nov 2011
33.865 34.973 37.774 35.774
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LATEST TREASURY BILL AUCTION YIELDS (pct)
6-week 3-month 12-month
5.66 5.45 5.30
LATEST GOVERNMENT BOND AUCTION YIELDS (pct)
3-yr 2016/D 5-yr 2018/A 10-yr 2023/A 15-yr 2028/A
5.57 5.75 6.00 6.31
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HUNGARY'S SOVEREIGN RATINGS (Outlook in brackets)
Fitch Moody's S&P
(stable) (negative) (stable)
Short-term forint
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