Hungary GDP Q3 2016

Hungary

Hungary: Economy loses steam in Q3

Hungary’s economy lost momentum in Q3, following Q2’s expansion. GDP expanded 2.0% in Q3 over the same period last year, according to preliminary data released by the Central Statistics Office (KSH) on 15 November. The reading undershot market expectations of a stronger 2.5% expansion and marks a clear deceleration from Q2’s 2.8% expansion.

According to KSH, a weaker reading in construction and a stagnation in industry more than offset an expansion in market services and agriculture. On a quarter-on-quarter basis, GDP growth decelerated from a seasonally-adjusted 1.0% expansion in Q2 to a tepid 0.2% increase. More detailed data will be released on 6 December.

FocusEconomics Consensus Forecast panelists expect a 2.1% expansion in 2016, which is unchanged from last month’s projection. For 2017, the panel expects growth to expand 2.7%, which is up 0.1 percentage points from last month’s forecast.


Sample Report

Looking for forecasts related to GDP in Hungary? Download a sample report now.

Download

Hungary GDP Chart


Hungary GDP Q3 2016

Note: Year-on-year changes of working-day adjusted GDP in %.
Source: Hungarian Central Statistics Office and FocusEconomics Consensus Forecast.


Hungary Economic News

  • Hungary: Economy expands robustly in Q1

    May 16, 2017

    The Hungarian economy started the year on a strong footing.

    Read more

  • Hungary: Inflation moderates in April

    May 12, 2017

    In April, consumer prices increased 0.4%, coming in above the flat reading observed in March.

    Read more

  • Hungary: Industrial output surges in March

    May 5, 2017

    According to preliminary data released by the Statistical Institute (KSH) on 5 May, industrial output in March rose a working-day adjusted 9.4%, which followed the already-strong 7.1% expansion observed in February and marked the best print since October 2015. On a monthly basis, industrial production slowed from a revised seasonally- and working-day adjusted 3.1% expansion in February to a soft 0.4% increase in March.

    Read more

  • Hungary: Central Bank stays put in April

    April 25, 2017

    At its 25 April monetary policy meeting, the Monetary Council of the Hungarian National Bank (MNB) met market expectations by leaving the base rate unchanged at its current record low of 0.90% and by keeping all remaining monetary policy instruments on hold.

    Read more

  • Hungary: Inflation moderates in March

    April 11, 2017

    In March, Hungarian consumer prices remained unchanged from the previous month, down from February’s 0.4% month-on-month increase.

    Read more

More news

Search form