GDP in Hungary
Hungary - GDP
Hungarian economy decelerates in Q2 from Q1’s multi-year high
The Hungarian economy continues to grow at a solid pace. According to preliminary data released by the Central Statistics Office (KSH) on 16 August, the economy expanded 3.2% annually in Q2, buoyed by a healthy performance in the service sector. Despite the strong growth, the reading was below the previous quarter’s 4.2% increase and undershot market analysts' expectations of a stronger 3.7% rise.
On a quarter-on-quarter basis, GDP growth slowed from a 1.4% expansion in the first quarter to a still-strong 0.9% increase in the second quarter. More detailed data will be released on 5 September.
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 %)||-1.6||2.1||4.0||3.1||2.0|
5 years of economic forecasts for more than 30 economic indicators.
Hungary GDP Chart
Source: Hungarian Central Statistical Office (KSH).
|Bond Yield||2.75||-1.79 %||Sep 21|
|Exchange Rate||259.6||0.01 %||Sep 21|
|Stock Market||38,109||0.0 %||Sep 21|
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August 16, 2017
The Hungarian economy continues to grow at a solid pace.
August 11, 2017
According to revised data released by the Statistical Institute (KSH) on 11 August, industrial output rose a working-day adjusted 6.5% year-on-year in June, which was a slight acceleration from May’s 6.2% expansion.
August 8, 2017
Consumer prices were unchanged in July from a month earlier, resulting in a flat reading.
July 12, 2017
According to revised data released by the Statistical Institute (KSH) on 12 July, industrial output in May rose a working-day adjusted 6.2%, which marked a considerable improvement from April’s 2.5% expansion.
July 11, 2017
In June, consumer prices fell from a 0.2% increase in May to a flat reading.