Hungary GDP grows 6.5 percent in Q2
Hungary’s GDP grew by an annual 6.5 percent in the second quarter, slowing from 8.2 percent in Q1, the Central Statistical Office (KSH) said in a first reading of data released on Wednesday.
KSH said all branches of the national economy contributed to headline growth, with the exception of the farm sector. Growth was supported especially by industry, particularly food and drink production and electrical equipment manufacturing, and by market services, notably commercial accommodations and catering, and logistics services, it added.
Adjusted for seasonal and calendar year effects, Q2 GDP growth was level with the unadjusted figure. In a quarter-on-quarter comparison, adjusted GDP rose by 1.1 percent. First-half GDP growth climbed 7.3 percent year-on-year.
Read alsoHungarian radical party calls for overall wage hikes
Source: MTI
please make a donation here
Hot news
Do Hungarians really earn this much? Gross wage increased
Welcome news: Free travel in Hungary for these citizens
Hungarian sovereignty protection office rejects Venice Commission report
Warning: Road closures to Budapest Airport from 2 April
Does Budapest not pay taxes to the government?
Traffic between Slovakia and Hungary to resume on several railway lines