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Hungary GDP levels out in q/q in Q2 - unchanged from 1st reading

Hungary's GDP stayed unchanged in the second quarter compared to the first quarter of 2010, according to seasonally- and calendar year-adjusted figures, the Central Statistics Office (KSH) said, confirming preliminary figures in a second reading published on Wednesday.

Hungary GDP levels out in q/q in Q2 - unchanged from 1st reading

Budapest, September 8, 2010 (MTI-ECONEWS) - Hungary's GDP stayed unchanged in the second quarter compared to the first quarter of 2010, according to seasonally- and calendar year-adjusted figures, the Central Statistics Office (KSH) said, confirming preliminary figures in a second reading published on Wednesday.

    GDP grew an unadjusted 1.0pc and a workday-adjusted 0.8pc from Q2 2009, again the same as the preliminary figures published on August 13. Year-on-year growth picked up from an unadjusted 0.1pc and an adjusted 0.2pc in Q1.

    According to the above two measures, Hungary's GDP started to rise yr/yr in the first quarter. GDP contracted for five consecutive quarters up to the fourth quarter of last 2009 according to each calculation.

    In 2009, Hungary's GDP fell an unadjusted 6.3pc and contracted 6.2pc according to both calendar year-adjusted and seasonally- and calendar year-adjusted calculations.

GDP grew an unadjusted 1.0pc and a workday-adjusted 0.8pc from Q2 2009, again the same as the preliminary figures published on August 13. Year-on-year growth picked up from an unadjusted 0.1pc and an adjusted 0.2pc in Q1.

According to the above two measures, Hungary's GDP started to rise yr/yr in the first quarter. GDP contracted for five consecutive quarters up to the fourth quarter of last 2009 according to each calculation.

In 2009, Hungary's GDP fell an unadjusted 6.3pc and contracted 6.2pc according to both calendar year-adjusted and seasonally- and calendar year-adjusted calculations. (MTI Econews)