Final household consumption volume rose by 3.1% in the first quarter of the year. The agricultural sector output edged up by 0.5%, while gross fixed capital formation increased 5.9%. The industrial sector output lost 5.9%, while construction jumped by 23.3%. Imports of goods and services edged up 0.8%, while exports fell 5.5%.
On a seasonally adjusted annual comparison basis, gross domestic product growth slowed down to an annual 2.7%, from 5.1% in the first quarter of last year, the Bucharest-based INS said on June 9. Quarter-on-quarter, GDP grew 0.3% in the first quarter.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
