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Financial News: Hungary Economic Growth Remains Solid In Q3

Hungary Economic Growth Remains Solid In Q3

11/14/2019 - 09:14:00 (RTTNews)

(RTTNews) - Hungary's economy grew at a robust pace in the third quarter, supported by industry, construction and market-based services, initial estimates from the Hungarian Central Statistical Office showed Thursday.

Gross domestic product grew a seasonally and calendar adjusted 5.1 percent year-on-year following a 5.2 percent increase in the previous quarter. On a calendar adjusted basis, GDP grew 5.1 percent year-on-year, same as in the previous quarter. Economists had forecast 4.7 percent expansion.

After seasonal and calendar adjustments, GDP rose 1.1 percent from the second quarter, when it expanded 1.5 percent.

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