KSH: economic performance decreased by 13.6 percent in the second quarter

By: Trademagazin editor Date: 2020. 08. 16. 11:45

According to raw data, Hungary’s gross domestic product (GDP) fell by 13.6 percent seasonally and calendar-adjusted, while according to the balanced data by 13.5 percent in the second quarter, compared to the same period of the previous year – the Central Statistical Office (KSH) reported on Friday.

As a result of the emergency situation caused by the coronavirus pandemic, the production of most branches of the national economy fell, and both services and industry contributed greatly to the development of economic performance.
The national economy decreased by 6.1 percent in the first half of this year, according to raw data. (MTI)