KSH: the performance of the economy increased by 1.9 percent compared to the previous quarter

By: Trademagazin editor Date: 2021. 05. 18. 11:45

Compared to the previous quarter, Hungary’s gross domestic product (GDP) fell by 2.3 percent according to the raw data and by 2.0 percent calendar effect adjusted in the first quarter of this year – the Central Statistical Office (KSH) announced.

Industry, finance, insurance, and the information and communication sector contributed the most to the 1.9 percent increase compared to the previous quarter, the KSH said in its first estimate.

Analysts expected a 0.3 percent decline from the previous quarter and a 3.7 percent decline from a year earlier. (MTI)