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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
HungaryHungary Gross Wage YoY fell to 9.2% in March 2026
FMPMonthlyReleased May 2026
Hungary Gross Wage YoY fell to 9.2% in March 2026, released May 2026, down 0.5% from February's 9.7% reading. The reading matched the 9.6% consensus. Gross Wage YoY has now declined for 3 consecutive months. The reading is in the 28th percentile of the trailing 24-month range.
Latest Release
9.2
Actual
9.6
Consensus
9.7
Previous
Median Absolute Error
±1.27 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 13.33
Actual: 9.2
Error: +4.13
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Gross Wage YoY (Hungary) was reported at 9.2% in May 2026. This missed the market consensus of 9.6% by 0.4%. The reading fell from the previous value of 9.7%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 10.72%, ranging from 7.8% to 26.3% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 14.67%, up from the prior three at 8.97%. Volatility over the past year (σ 5.22%) is higher than the prior year (σ 1.84%). In May readings over the past 3 years, Gross Wage YoY has averaged 10.53%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/HUF (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.27%.
WHAT TO WATCH NEXT
The next release is scheduled for June 17, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 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 (Mar 2026): actual 9.2 %, consensus 9.6 %. Prior reading (Feb 2026): 9.7 %. Before that (Jan 2026): 26.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/HUF (Bearish EUR, r=-0.69) — a useful reference for forex-focused traders.