The strongest negative influence came from a 6.2% decrease in the country’s decisive sector, the manufacture of transport equipment.
Hungary's inflation slowed to 3.7% in February, down from 3.8% in the previous month.
Hungary's cash flow-based general government deficit reached HUF1.7 trillion (€4.3bn) at the end of February, which accounts for roughly 70% of the HUF2.5 trillion full-year target.
The Czech unemployment rate remained at 4% in February, unchanged month-on-month. In year-on-year terms, it increased by 0.1%.
The Manufacturing Purchasing Managers’ Index (PMI) for Czechia, compiled by market intelligence company S&P Global, inched upwards in February to 44.3 amid some positive signs in the struggling manufacturing sector.
Poland's Purchasing Managers' Index rose 0.8 points to 47.9 in February, the economic intelligence company S&P Global said on March 1.
Investment held up well, growing 8.7% y/y, adding 1.5pp compared to the preceding quarter.
The four poorest Hungarian regions (Southern Great Plain, Northern Great Plain, Northern Hungary and Southern Transdanubia) had per capita GDP of between 50-55% of the EU average.
The highest proportion of the capital went into the office sector, although its share dropped from 41% in 2022 to 32% in 2023 because of the increasing trend towards remote work.
It is an increase of 0.09 percentage points compared to December and a drop of 0.47pp on January 2023.
Low economic activity among Poland’s main trading partners weigh on Polish industrial companies.
Poland's producer price index (PPI) declined 9% year on year in January (chart), following a revised fall of 6.9% y/y in December.
Unit labour costs have surged by 25% since 2020 – something not seen since the early 2000s, says Capital Economics