Financial News: Hungary Economy Grows As Estimated In Q3

Hungary Economy Grows As Estimated In Q3

12/02/2025 - 03:53:00 (RTTNews)

(RTTNews) - Hungary's economy expanded for the second straight quarter as initially estimated in the three months ending in September, the latest data from the Hungarian Central Statistical Office showed on Tuesday.

On an unadjusted basis, gross domestic product advanced 0.6 percent in the third quarter from last year, faster than the 0.1 percent rise in the previous quarter. That was in line with the flash data published on October 30.

The value added of construction expanded 2.6 percent, while the industrial sector performance was 1.7 percent lower, and the agriculture sector showed a contraction of 6.2 percent.

The expenditure breakdown showed that household final consumption expenditure grew 2.6 percent, while the final consumption of government was 6.3 percent lower.

Data showed that gross fixed capital formation decreased 3.0 percent, with the volume of investments in construction lessened, while that of investments in machinery and equipment rose.

On an adjusted basis, GDP also grew 0.6 percent in the third quarter versus a 0.2 percent increase in the previous quarter, as estimated.

Compared to the previous quarter, the Hungarian economy stalled in the September quarter, after expanding 0.5 percent in the June quarter. The performance of agriculture went up by 1.0 percent, while that of construction decreased by 4.0 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Rebounds Much More Than Expected In December (02 hr(s), 18 min(s), 22 sec(s) ago)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed consumer sent ...Full Story»

U.S. Consumer Prices Increase In Line With Estimates In September (02 hr(s), 30 min(s), 22 sec(s) ago)
(RTTNews) - A long-delayed report released by the Commerce Department on Friday showed consumer pr ...Full Story»

Spain Industrial Output Growth Eases To 1.2% (05 hr(s), 31 min(s), 22 sec(s) ago)
(RTTNews) - Spain's industrial production grew at the slowest pace in six months in October, t ...Full Story»

Slovenian Trade Deficit Narrows Sharply In October (06 hr(s), 31 min(s), 22 sec(s) ago)
(RTTNews) - Slovenia's foreign trade deficit decreased significantly in October from a year ag ...Full Story»

India Cuts Key Rates By 25 Bps (06 hr(s), 32 min(s), 22 sec(s) ago)
(RTTNews) - Added content The Reserve Bank of India lowered its key interest rates on Friday ...Full Story»

French Trade Gap Narrows In October (07 hr(s), 02 min(s), 22 sec(s) ago)
(RTTNews) - France's foreign trade deficit decreased in October as imports fell faster than ex ...Full Story»

French Industrial Output Growth Moderates (07 hr(s), 28 min(s), 22 sec(s) ago)
(RTTNews) - France industrial production grew at a slower pace in October as weak machinery and eq ...Full Story»

Slovakia Q3 GDP Growth Confirmed At 0.9% (07 hr(s), 32 min(s), 22 sec(s) ago)
(RTTNews) - Slovakia's economic growth accelerated as initially estimated in the third quarter ...Full Story»