The Hungarian economy increased better-than-expected

In the second quarter the gross domestic product (GDP) increased by 2.6 percent compared to the same period of the previous year after a 0.9 percent rise in the first quarter – the Central Statistical Office (KSH) said on Friday. The data greatly surpasses the analysts’ expectations of 2.1 percent.

Compared to the previous quarter, economic performance has improved by 1.1 percent, according to the seasonally and calendar adjusted data, after it was decreased by 0.7 percent in the first quarter.
The calendar effect adjusted annual rise in GDP was 2.2 percent, after the first quarter’s pace of 0.8 percent. (MTI)