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Hungary Q3 GDP growth accelerates to 1.6%

Hungary's unadjusted year-on-year GDP growth accelerated to 1.6% in Q3 from 1.0% in Q2, the Central Statistics Office (KSH) said in a first reading on Friday.

Analysts estimated the economy grew 1.1% in Q3.

Calendar year-adjusted growth also picked up to 1.6% in Q3 from 0.8% in Q2.

In a quarter-on-quarter comparison, GDP growth reached 0.8% after stagnating in Q2 and climbing 0.6% in Q1.

A second reading of the Q3 data will be published by KSH on December 9. (MTI-ECONEWS)