Hungary GDP up 6.5% y.o.y. in Q2
Photo by Feng Yu / Shutterstock.com
Hungary’s gross domestic product increased by 6.5% in the 2nd quarter of 2022 compared to the corresponding period of the previous year, according to data published by the Central Statistical Office (KSH).
Almost all sections contributed to the increase, but mostly industry and market services.
Significant growth was registered in the manufacture of food products and beverages as well as electrical equipment within industry and mostly accommodation and food service activities as well as transportation and storage among market services.
A considerable downturn in agriculture slowed the growth.
Compared to the previous quarter, the performance of the economy was up by 1.1% in Q2 2022.
The economic performance was 7.3% higher in the first half of 2022 than in the corresponding period of 2021.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
