Hungary: Economy picks up in the fourth quarter
February 12, 2016
Hungary’s economy picked up momentum in the fourth quarter. GDP expanded 3.2% in Q4 over the same period of the previous year, according to preliminary data released by the Central Statistics Office (KSH) on 12 February. The print came in above both the 2.4% expansion recorded in Q3 and market expectations of a 2.7% rise. According to KSH, the expansion came on the back of growth in all industries expect agriculture and construction.
On a quarter-on-quarter basis, GDP increased a seasonally-adjusted 1.0% in Q4, which was above Q3’s 0.7% rise. For the full year 2015, the economy grew 2.9% (2014: 3.7%). More detailed data will be released on 8 March.