Hungarian Annual Economic Growth Rev. Down To 1.2%

Sep 7, 2007 - The Hungarian annual economic growth was revised down to 1.2% in the second quarter, a report from the statistical office showed Friday. The growth number was revised down from the initial estimate of 1.4%. The economic growth slowed from the 2.7% recorded in the first quarter. The sequential growth eased to 0.1% from 0.3% registered in the prior quarter.

The GDP growth in the second quarter was led by industrial output growth. Meanwhile, the household final consumption dropped 3.4%. During the first half of the year, the economy expanded 1.9%.