Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
Hungarian GDP growth up 5.1 pct in Q2 year-on-year
2019/8/16 14:44:36 Source:Xinhua

BUDAPEST, Aug. 14 (Xinhua) -- Hungary's second-quarter GDP rose 5.1 percent year-on-year, the Central Statistics Office (KSH) said in a first reading of data here on Wednesday.
"The main contributors for growth were industry, construction and market-based services," KSH informed.
Adjusted for calendar year effects, GDP growth was an annual 5.1 percent in Q2, down from 5.2 percent in Q1.
In a quarter-on-quarter comparison, growth increased by 1.1 percent in Q2 from 1.4 percent in Q1, adjusted for seasonal and calendar year effects.
"The measures of the government to stimulate economy are successful, as shown by the dynamically growing Hungarian economy by 5.1 percent in Q2 2019," Hungarian Finance Minister Mihaly Varga declared on the government website following the publication of the KSH data.
"This growth, which has repeatedly exceeded analysts' expectations, is driven by, among other things, rising employment and wages, rising investment and household consumption, and export performance," Varga explained, adding that growth in employment, growth in wages and increasing investments were also supporting the economic growth.
"While the European Union Member States are still showing signs of slowing down, the growth of the Hungarian economy is supported by several factors, behind which are stable and balanced foundations," Varga underlined.
The detailed figures for the first quarter will be published on Aug. 30.

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn