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KSH: HUNGARY GDP GROWS 1.1% IN Q1

 

Hungary’s GDP grew by 1.1% in the first quarter of 2024, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for calendar year effects, GDP rose by an annual 1.7% in Q1. Quarter on quarter, GDP was up by 0.8%, adjusted for seasonal and calendar year effects. Overall industrial performance constricted by 4.2% year on year, production industries fell by 4.8%. The value-added of the construction sector rose by 3% compared with the same period last year, and that of agriculture edged up by 0.4%.