Hungary Second Quarter Economic Growth

Hungary's Q2 GDP growth is bolstered by a recovering industrial sector and strong retail consumption. Industrial output is trending upward, supported by the electronics and automotive industries.

Key Takeaways

• 1.Hungarian GDP growth for Q2 is expected to be driven by robust retail sales and a recovery in industrial output.
• 2.Industrial production is trending upward, led by the electronics and automotive manufacturing sectors.
• 3.Consumer confidence and rising real disposable income are fueling broad-based retail sales growth.

Table of Contents

• Hungary’s second-quarter growth supported by consumption and exports
• Industry is clawing its way up amid a sawtooth pattern
• Volume of industrial production
• Performance of Hungarian industry
• Retail sales are growing across a wide range of segments
• Retail sales volume in detail (2021 = 100%)
• Breakdown of retail sales (% YoY, wda)

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