Financial News: Hungarian Economy Stagnates As Estimated

Hungarian Economy Stagnates As Estimated

06/03/2025 - 04:05:00 (RTTNews)

(RTTNews) - Hungary's economy stalled as initially estimated in the first quarter of 2025, the latest data from the Hungarian Central Statistical Office showed on Tuesday.

On an unadjusted basis, gross domestic product remained flat in the first quarter from last year, following a 0.4 percent expansion in the fourth quarter. That was in line with the flash data published on April 30.

On the expenditure side, household final consumption expenditure rose 4.1 percent from last year, and government consumption was 7.3 percent higher.

On the other hand, gross fixed capital formation fell sharply by 10.1 percent due to weaker investments in construction and in machinery and equipment. The volume of exports dropped 0.4 percent, while imports rose by 0.1 percent.

On an adjusted basis, GDP shrank 0.4 percent in the first quarter versus a 0.1 percent rebound in the previous quarter, confirming the earlier estimate.

Compared to the previous quarter, the Hungarian economy contracted 0.2 percent after a 0.6 percent recovery in the December quarter, as estimated.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovakia GDP Growth Eases As Estimated (03 hr(s), 46 min(s), 40 sec(s) ago)
(RTTNews) - Slovakia's economic growth moderated as initally estimated in the first quarter of ...Full Story»

Czech Industrial Output Grows Most In Over 2 Years, Trade Surplus Grows Sharply (04 hr(s), 31 min(s), 40 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in just ov ...Full Story»

U.S. Job Growth Slightly Exceeds Estimates In May (05 hr(s), 18 min(s), 40 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

Austrian GDP Recovers Slightly Less Than Estimated (05 hr(s), 23 min(s), 40 sec(s) ago)
(RTTNews) - Austria's economy logged a slight recovery in the first quarter, though at a slo ...Full Story»

U.S. Employment Jumps Slightly More Than Expected In May (06 hr(s), 26 min(s), 40 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

France Industrial Output Falls 1.4% (06 hr(s), 33 min(s), 40 sec(s) ago)
(RTTNews) - France's industrial production declined for the first time in three months in Apri ...Full Story»

French Trade Gap Widens In April (07 hr(s), 37 min(s), 40 sec(s) ago)
(RTTNews) - France's trade deficit increased in April as exports fell faster than imports, dat ...Full Story»

Russia Central Bank Cuts Rate By 100 Bps (08 hr(s), 16 min(s), 40 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate unexpectedly by 100 basis points ...Full Story»