Hungary GDP for Q2 2013: Increase of 0.5%
More positive results in Hungary’s economic indicators for quarter two of 2013 were reported this morning by the Central Statistics Office (KSH) this morning, with the latest round of figures showing an increase in the country’s GDP of 0.5% year-on-year.
As most forecasts had reckoned, KSH attributed the increase as “mainly due to the increasing performance of industry agriculture and construction.”
Though indicating a positive trend, the rate was just a bit lower than what analysts polled by Portfolio.hu had figured this week, namely a 0.6% y.o.y. increase. Hungarian GDP also rose in the first quarter of this year at a rate of 0.7% y.o.y.
KSH also stated that, with seasonal adjustment, Hungary’s GDP increased 0.1% quarter-on-quarter.
Both Portfolio and the Wall Street Journal opined this week that a similar result to that reported this morning would indicate Hungary’s emergence from the recent recession period.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.