The Central Statistical Office (KSH) said Hungary’s GDP grew by 1.1% in the first quarter of 2024. Adjusted for calendar year effects, GDP rose by an annual 1.7% in Q1. Quarter on quarter, GDP was up by 0.8%, adjusted for seasonal and calendar year effects. Overall industrial performance constricted by 4.2% year on year, production industries fell by 4.8%. The value-added of the construction sector rose by 3% compared with the same period last year, and that of agriculture edged up by 0.4%.
KSH: Hungary’s GDP grew by 1.1% in first quarter of 2024
Jun 5, 2024
Quarter on quarter, GDP was up by 0.8%, adjusted for seasonal and calendar year effects.