According to the KSH’s first estimate published on May 16, GDP rose 4.5%. First-quarter GDP growth was a calendar-adjusted 4.4%. Compared to Q4 2005, GDP growth was a seasonally adjusted 0.8%.
First quarter GDP growth was driven by 10% higher added value in industries, including an 11.5% rise in manufacturing sector, while services registered a 3.1% growth rate.
On the consumption side, final domestic consumption was up just 2% year on year in Q1 2006 as against 9.7% rise in fixed capital formation and a slight improvement in net exports. Export volume of goods and services rose 18.2% and imports were up 14.2%.
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.
