Financial News: Hungarian Economy Stagnates In Q1

Hungarian Economy Stagnates In Q1

04/30/2025 - 10:18:00 (RTTNews)

(RTTNews) - Hungary's economy stalled in the first quarter of 2025 after recovering in the previous quarter, preliminary data from the Hungarian Central Statistical Office showed on Thursday.

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.

The favourable performance in the services was offset by weaker performance in industry and construction, the agency said.

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

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

Separate official data showed that the total trade surplus of the country rose to EUR 1.77 billion in March from EUR 1.6 billion in the corresponding month last year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Rate Decision Due On Tuesday (01 hr(s), 46 min(s), 09 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and ...Full Story»

U.S. Leading Economic Index Slumps More Than Expected In April (09 hr(s), 35 min(s), 09 sec(s) ago)
(RTTNews) - The Conference Board released a report on Monday showing its reading on leading U.S. e ...Full Story»

Eurozone Growth Outlook Downgraded; Disinflation To Proceed More Swiftly: EU (10 hr(s), 43 min(s), 09 sec(s) ago)
(RTTNews) - Eurozone economic growth outlook was downgraded substantially for 2025 due to the impa ...Full Story»

Malta HICP Inflation Rises To 2.6% (11 hr(s), 18 min(s), 09 sec(s) ago)
(RTTNews) - Malta's EU measure of inflation accelerated further in April to the highest level ...Full Story»

Eurozone Inflation Steady At 2.2% (14 hr(s), 08 min(s), 09 sec(s) ago)
(RTTNews) - Eurozone consumer prices logged a steady growth in April, final data from Eurostat sho ...Full Story»

Spain Trade Gap Widens In March (14 hr(s), 38 min(s), 09 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit increased notably in March from a year ago, as impor ...Full Story»

Slovakia HICP Inflation Eases To 3.9% (15 hr(s), 29 min(s), 09 sec(s) ago)
(RTTNews) - Slovakia's EU measure of inflation eased in April to the lowest level in four mont ...Full Story»

Austria Inflation Confirmed At 3.1% (16 hr(s), 0 min(s),09 sec(s) ago)
(RTTNews) - Austria's consumer price inflation rose slightly as initially estimated in April, ...Full Story»