Hungary GDP up slightly in Q2


Statistics on gross domestic product and related economic performance for the second quarter of 2013 were released by the Central Statistics Office (KSH) yesterday, showing that Hungary’s gross domestic product was up just slightly year-on-year: 0.1%, after seasonal adjustment. Overall economic performance was also up 0.1% quarter-on-quarter.
    One big gainer in the quarter was the agriculture sector, which increased by 17.2% y.o.y., while the construction industry’s output increased by 6.9%. The gross value in the industry sector declined by 0.8%, and manufacturing decreased by 0.6%.
    In terms of expenditures, KSH reported that Hungary’s household consumption increased by 0.3% y.o.y., with the largest volume increases seen in transport, food service and accommodation activities, recreation, culture and food goods/services. The Office also reported that “consumption of Hungarian tourists abroad slightly decreased, while the consumption of foreigners in Hungary increased.”


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