GDP in Hungary
Hungary - GDP
Economy expands robustly in Q1
The Hungarian economy started the year on a strong footing. According to preliminary data released by the Central Statistics Office (KSH) on 16 May, the economy expanded 4.1% annually in Q1, buoyed by a healthy performance in industry and the services sector. The reading was well above the previous quarter’s 1.6% increase and vastly exceeded market analysts' expectations of a softer 3.4% rise.
On a quarter-on-quarter basis, GDP growth jumped from a 0.7% expansion in the fourth quarter to a 1.3% increase in the first quarter. More detailed data will be released on 7 June.
FocusEconomics Consensus Forecast panelists expect a 3.2% expansion in 2017, which is up 0.1 percentage points from last month’s projection. For 2018, the panel expects growth to expand 3.1%.
Hungary - GDP Data
|Economic Growth (GDP, annual variation in %)||1.7||-1.6||2.1||4.0||3.1|
5 years of economic forecasts for more than 30 economic indicators.
Hungary GDP Chart
Source: Hungarian Central Statistical Office (KSH).
|Bond Yield||3.14||-1.57 %||May 24|
|Exchange Rate||274.5||-0.51 %||May 24|
|Stock Market||34,251||-1.38 %||May 24|
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May 23, 2017
At its 23 May 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%, in line with market expectations.
May 16, 2017
The Hungarian economy started the year on a strong footing.
May 12, 2017
In April, consumer prices increased 0.4%, coming in above the flat reading observed 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.
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.