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Taking account for possible margins of error, economic growth in Q2 is estimated between 3.8-4.2%, while seasonally adjusted GDP was up 1.1% compared to the previous quarter. Official preliminary data will be published by the KSH on August 30, with a more detailed reading to follow on September 8.
Hungary's GDP expanded by 4% in 2004 as a whole, but reached only 2.9% in the first quarter of this year. Ecostat noted that economic growth was more dynamic in the second quarter of 2005, with mainly export-led services and the manufacturing sector performing well.
According to European statistical office Eurostat's flash GDP estimate for the eurozone and the EU as a whole, both areas showed GDP growth of 0.3% in the second quarter, following 0.5% growth in Q1.
