Economy Expands 6.5% in Hungary During Q2
- 5 Sep 2022 7:48 AM
- Hungary Matters
Adjusted for seasonal and calendar-year effects, second-quarter GDP rose also by an annual 6.5%. In a quarter-on-quarter comparison, adjusted GDP rose by 1.0%.
Adjusted for seasonal and calendar-year effects, second-quarter GDP rose also by an annual 6.5%. In a quarter-on-quarter comparison, adjusted GDP rose by 1.0%.
Hungary's annualised consumer price index reached 3.2pc in October, inching up from 3.0pc in the previous month, data released by the Central Statistics Office (KSH) on Tuesday show.
Hungarian households' high savings rate and net financial assets, well over the average for the region, are a "growth reserve" for the national economy, if they can be channeled to corporate financing, Barnabas Virag, a deputy governor at the National Bank of Hungary (NBH), said at a conference organised by the Budapest Stock Exchange.
Hungary's GDP contracted 0.7pc year-on-year in the third quarter, adjusted for seasonal and calendar year effects, a first reading of data released by the Central Statistics Office (KSH) on Wednesday shows.
August's 3.4pc CPI was in line with the National Bank of Hungary's expectations, and the central bank sees inflation falling to 3.1pc in September, Andras Balatoni, an NBH director said.
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