KSH: GDP fell by 13.6 percent in the second quarter
According to raw data, the performance of the national economy decreased by 6.1 percent in the first half of the year, the Central Statistical Office (KSH) confirmed on Tuesday based on its second estimate.
The emergency situation caused by the coronavirus pandemic had an adverse effect on the performance of most sectors of the economy, they added.
Compared to the first quarter, the gross value added of industry fell by 20.6 percent, construction by 17.5 percent and services by 13.4 percent. (MTI)
Related news
The price of bone-in chicken breast and chicken breast fillet also decreased significantly
According to KSH data, Hungary’s poultry meat exports increased by…
Read more >Live pig exports have strengthened
According to data from the Central Statistical Office, Hungary’s live…
Read more >Potato export market revived
According to KSH data, the potato cultivation area and yield…
Read more >Related news
Holiday Shopping Study 2024: European Consumers Plan Ahead Amid Economic Pressures
The “Holiday Shopping Study 2024,” conducted by ShopFully and Offerista…
Read more >Oversupply in the office market, returning demand in retail properties and hotels expected in 2025
The Hungarian commercial real estate market is currently characterized by…
Read more >Sándor Czomba: the minimum wage will increase by nine percent next year
The minimum wage will increase by nine percent next year,…
Read more >