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

Eurozone Consumer Confidence Unexpectedly Erodes In June (33 min(s), 59 sec(s) ago)
(RTTNews) - Euro area consumer sentiment deteriorated unexpectedly in June following a strong impr ...Full Story»

Croatia Jobless Rate Eases To 4.1% (59 min(s), 59 sec(s) ago)
(RTTNews) - Unemployment in Croatia dropped further in May amid increases in the labor force as we ...Full Story»

Philly Fed Index Unexpectedly Unchanged In June (56 min(s), 59 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Friday said regional ...Full Story»

French Manufacturing Sentiment Weakens In June (41 min(s), 59 sec(s) ago)
(RTTNews) - French manufacturing confidence weakened slightly in June, largely reflecting the dete ...Full Story»

UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves (16 min(s), 59 sec(s) ago)
(RTTNews) - UK retail sales declined more than expected in May as food store sales declined sharpl ...Full Story»

Japan Core Inflation Accelerates More Than Forecast (37 min(s), 59 sec(s) ago)
(RTTNews) - Japan's core inflation accelerated more than expected to a more than two-year high ...Full Story»

UK Budget Deficit Widens In May (01 hr(s), 0 min(s),01 sec(s) ago)
(RTTNews) - UK public sector net borrowing increased in May despite an increase in government rece ...Full Story»

German Producer Prices Fall Most In 8 Months (01 hr(s), 25 min(s), 01 sec(s) ago)
(RTTNews) - Germany's producer prices declined at the fastest pace in eight months in May, Des ...Full Story»