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
KSH: industrial producer prices decreased by 0.7 percent in May 2025 compared to the previous month, and increased by an average of 6.9 percent compared to a year earlier
In May 2025, industrial producer prices were 6.9 percent higher…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >MNB Director: The central bank expects 4.7 percent annual inflation this year
Inflation is expected to exceed the central bank’s tolerance band…
Read more >Related news
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >KSH: industrial producer prices decreased by 0.7 percent in May 2025 compared to the previous month, and increased by an average of 6.9 percent compared to a year earlier
In May 2025, industrial producer prices were 6.9 percent higher…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >