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)
Related news
The producer price of lamb rose by 16-18 percent
According to data from the European Commission, the European Union’s…
Read more >The price of eggs at the packing point is still lower than last year
Based on data from the KSH, in 2023, Hungary bought…
Read more >Lettuce exports increased by more than 50 percent in 2023
According to the KSH data, the area and quantity of…
Read more >Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >