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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
HungaryHungary Gross Wage YoY climbed to 8.4% in August 2026
FMPMonthlyReleased October 2026
Hungary Gross Wage YoY climbed to 8.4% in August 2026, released October 2026, up 0.9% from July's 7.5% reading. The print exceeded the 7.6% consensus by 0.8%. Gross Wage YoY has now risen for 3 consecutive months. Over the past 3 months, Gross Wage YoY averaged 7.3%, vs 8.97% in the prior 3-month window. The reading is in the 15th percentile of the trailing 24-month range.
Latest Release
8.4
Actual
7.6
Consensus
7.5
Previous
Median Absolute Error
±1.39 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: 7.27
Actual: 8.4
Error: -1.13
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.75 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.73 | INDEX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.68 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.66 | INDEX | Moves with | → View |
| EUR/HUF | ▼ Inverse | −0.60 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Wage YoY (Hungary) was reported at 8.4% in October 2026. This beat the market consensus of 7.6% by 0.8%. The reading rose from the previous value of 7.5%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 10.29%, ranging from 7.1% to 26.3% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 7.67%, down from the prior three at 8.97%. Volatility over the past year (σ 5.38%) is higher than the prior year (σ 1.57%). In October readings over the past 3 years, Gross Wage YoY has averaged 10.07%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with DAX, positively correlated (Bullish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 1.39%.
WHAT TO WATCH NEXT
The next release is scheduled for November 18, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Gross Wage YoY - HU
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About Gross Wage YoY — Hungary
DEFINITION
Gross Wage YoY is a financial indicator that measures the year-over-year change in the total amount of wages earned by employees before any deductions. It provides insight into the overall growth or decline of wages in a specific time period, allowing businesses and policymakers to assess the health of the economy and make informed decisions. This indicator is commonly used to track trends in labor market conditions and can be a useful tool for forecasting future economic performance.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 8.4 %, consensus 7.6 %. Prior reading (Jul 2026): 7.5 %. Before that (Jun 2026): 7.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.75) — a useful reference for index-focused traders.
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Economic Calendar - HU Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:30 | HU | GDP Growth Rate YoY | 1.5 | 1.7 | 1.8 | 1.65 | Low |
| 07:30 | HU | GDP Growth Rate QoQ | 0.1 | 0.6 | 0.4 | 0.25 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | HU | S&P Global Manufacturing PMI | 53.2 | 53 | 53.00 | Low | |