Fri 4 July 2025
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Fri 4 July 2025
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Hungary GDP growth accelerates to 5 pc in Q3
November 14th, 2019
Hungary's GDP rose by an annual 5 percent in the third quarter, the Central Statistical Office (KSH) said in a first reading of data on Thursday. Growth accelerated from 4.9 percent in Q2. KSH said the industrial and construction sectors as well as market-based services contributed the most to growth in Q3. Adjusted for seasonal and calendar year effects, Q3 GDP growth was 4.8 percent. Hungary's GDP rose an unadjusted 5.1 percent and an adjusted 5 percent in Q1-Q3 from the same period a year earlier. Speaking at a press conference after the release of the data, Finance Minister Mihaly Varga noted that Hungary's Q3 GDP growth was well over the 1.4 percent average for European Union member states.
MTI