GDP in Hungary
Hungary - GDP
Economy loses steam in Q4
The Hungarian economy decelerated for the second consecutive quarter in Q4. According to preliminary data released by the Central Statistics Office (KSH) on 14 February, the economy expanded 1.6% annually in Q4, well below the 2.2% expansion observed in Q3 .The reading was worse than market analysts’ expectations of a stronger 2.2% increase. In annual terms, the economy expanded at a four-year low of 2.0% in 2016, matching FocusEconomics’ Consensus Forecast.
According to KSH, a stagnation in the industry and construction sectors are chiefly to blame for the disappointing quarterly result. On a quarter-on-quarter basis, GDP growth inched up from a seasonally-adjusted 0.3% expansion in Q3 to a modest 0.4% increase. More detailed data will be released on 7 March.
FocusEconomics Consensus Forecast panelists expect a 3.0% expansion in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, the panel expects growth to expand 2.9.
Hungary - GDP Data
|Economic Growth (GDP, annual variation in %)||1.8||-1.7||1.9||3.7||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Hungary GDP Chart
Source: Hungarian Central Statistical Office (KSH).
|Bond Yield||3.69||0.0 %||Feb 16|
|Exchange Rate||288.1||-0.93 %||Feb 16|
|Stock Market||33,745||-0.70 %||Feb 16|
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February 14, 2017
According to revised data released by the Statistical Institute (KSH) on 14 February, Hungarian industrial output in December rose a working-day adjusted 1.9%, coming in above the revised 0.8% expansion observed in November (previously reported: +0.6% year-on-year).
February 14, 2017
The Hungarian economy decelerated for the second consecutive quarter in Q4.
February 7, 2017
According to preliminary data released by the Statistical Institute (KSH) on 7 February, industrial output accelerated from a working-day adjusted 0.7% annual expansion in November to 1.9% in December. On a monthly basis, industrial production decelerated from a seasonally- and working-day adjusted 0.8% increase in November to 0.5% growth in December.
January 30, 2017
The GKI economic sentiment indicator edged up from December’s minus 0.9 points to a 12-month high of plus 0.2 points in January.
January 25, 2017
At its 24 January monetary policy meeting, the Monetary Council of the Hungarian National Bank (MNB) left the base rate unchanged at its current record low of 0.90% and also kept all remaining monetary policy instruments on hold.