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Financial News: Hungary GDP Continues To Expand

Hungary GDP Continues To Expand

08/17/2021 - 10:28:00 (RTTNews)

(RTTNews) - Hungary's economy further in the second quarter, the Hungarian Central Statistical Office reported on Tuesday.

Gross domestic product grew 2.7 percent sequentially in the second quarter, following a 2.0 percent expansion logged in the first quarter. This was the fourth consecutive quarter of growth.

The main drivers of the increase was industry, data revealed.

On a yearly basis, GDP accelerated 17.7 percent in the second quarter, after falling 1.8 percent a quarter ago.

Unadjusted GDP surged 17.9 percent annually, after a 2.1 percent decline in the first quarter. Economists had forecast a 17.1 percent growth.

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