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)
Related news
K&H: large programs drive green loans
According to data from the Hungarian National Bank, the total…
Read more >
Péter Benő Banai: next year, the Hungarian economy may grow above 3 percent
Next year, the Hungarian economy, relying on the policy of…
Read more >
The destruction of wildlife can have serious economic consequences
The need to protect the living world is extremely important,…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >
