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KSH: Hungary's GDP inched up 0.1% in Q2 compared to same period last year

KSH said services, especially the ICT sector, had a positive impact on GDP, while the performances of the industrial and agriculture sectors weighed.

A first reading of data released by the Central Statistics Office (KSH) on Wednesday shows that Hungary's GDP inched up 0.1pc in the second quarter compared to the same period a year earlier.

Adjusted for seasonal and calendar year effects, GDP rose 0.2pc

KSH said services, especially the ICT sector, had a positive impact on GDP, while the performances of the industrial and agriculture sectors weighed.

In a quarter-on-quarter comparison, GDP rose a seasonally- and calendar year-adjusted 0.4pc.

In the first half, GDP stagnated, according to unadjusted data, and slipped 0.1pc when adjusted for seasonal and calendar year effects.

KSH will publish a second reading of the data on September 2.