Growth in 2017 was driven by consumption and investment

Last year, household consumption and investments pushed the economy’s growth, while net exports detracted performance – Németh Dávid senior analyst at K & H Bank commented the latest economic growth data on M1 news channel on Wednesday.

On Tuesday, the Central Statistical Office (KSH) raised GDP growth data for 2017 as a whole by 0.1 percentage points from the previous 4.0 percent to 4.1 percent.

Németh Dávid noted that the performance of the service sector contributed to GDP growth, while the construction industry also improved the data. (MTI)