Hungary's Q1 GDP expands to 4.2%

Hungary’s Q1 GDP expands to 4.2%

According to the final figures released today by the Central Bureau of Statistics (KSH), Hungary's GDP (Gross Domestic Product) expanded by 4.2% on annual basis in the first quarter of 2004. GDP also grew by 1.1% in the first quarter compared to the previous quarter. Manufacturing and construction industry indicated a significant growth in this period, but stagnation was experienced in agricultural production. Investments contributed to the growth with an 18.9% rise while household consumption was up by 3%.