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Manufacturing, construction and farm sectors underpin GDP growth in Q4

Manufacturing, construction and farm sectors underpin GDP growth in Q4

Budapest, March 6 (MTI) – Hungary’s economic output grew by 3.4 percent year-on-year in the fourth quarter, lifted by strong performances in the manufacturing, construction and farm sectors, the Central Statistical Office (KSH) said in a second reading of data on Friday.

Added value in the industrial sector climbed by 4.0 percent year-on-year during the period. The increase included a 5.5 percent rise in the manufacturing segment, supported by automotive industry companies, KSH said.

Added value in the construction sector went up by 6.2 percent and it rose in the farming sector by 12 percent.

Adjusted for seasonal and calendar effects, headline GDP grew by 3.4 percent year-on-year.

For the full year, GDP was up by 3.6 percent.

Source: http://mtva.hu/hu/hungary-matters

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