Hungarian Q4 Growth in GDP Revised Up to 1.4%

2021. március 04.

BNE InteliiNews

Hungary’s GDP rose a seasonally- and workday-adjusted 1.4% in Q4 from the previous three-month period, revised up from 1.1% in the first reading, the Central Statistics Office (KSH) said in its second reading of data on March 2. The preliminary data beat forecasts as analysts expected a decline from the third quarter.

Economic output fell 3.6% y/y in Q4, revised from 3.7% in the first release, slowing from 4.6% in Q3, while the calendar-adjusted data showed a 4.1% drop.