ADVERTISEMENT

Hungary Q2 GDP growth climbs to 2.1%

Tourism

Hungary's Q2 gross domestic product (GDP) grew an unadjusted 2.2% and a calendar-year adjusted 2.1% from the same period a year earlier.

The figures are first estimates by the Central Statistical Office (KSH) and its research arm Ecostat published on Thursday. KSH noted that the preliminary figures have a margin of error of +/- 0.2 percentage point.

The Q2 figure compares to analysts' estimate of 1.9%. In the first half year, GDP was up 1.6% from the same period of 2007.

Preliminary Q2 growth was up from an unadjusted 1.7% yr/yr and a calendar-year adjusted 0.9% in Q1. KSH revised calendar- year adjusted Q1 figure to 1.0% in the preliminary Q2 announcement on Thursday.

Hungary's GDP grew a seasonally adjusted quarter-on-quarter 0.6% in Q2, up from earlier registered 0.3% and equal to the just revised 0.6% rise in Q1.

In 2007, Hungary's economic growth was a sluggish 1.3% including an unadjusted 0.8% in Q4 last year. (MTI – Econews)

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.