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Q2 GDP up 4.1% yr/yr, driven by exports

Hungary's GDP rose by 4.1% yr/yr in volume terms in the second quarter of 2005 both before and after adjustment for calendar effect, the Central Statistics Office (KSH) said yesterday, leaving its first estimates released on August 30 unchanged. Export growth remained the main engine of growth in Q2 while household rose at a higher pace than in Q1 but still below average growth. The GDP of the manufacturing sector rose at a high pace after a sluggish Q1. Among services the main growth area was the transport, storage and communication sector with the ongoing motorway investments. (Econews; NG 1, Nv 5, MH 10)