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Hungary’s gross domestic product expanded by 0.1% year-on-year in the second quarter of 2025, in line with preliminary estimates and following a flat reading in the previous quarter. On the production side, growth was primarily supported by a rebound in the construction sector (4.3% vs -5.1% in Q1), as well as steady improvements in services (1.3% vs 1.1%) and arts, entertainment, leisure, and other services (6.5% vs 3.1%). In addition, the contraction moderated in the industry sector (-3.3% vs -3.9%), particularly in manufacturing (-4.4% vs -4.6%). On the expenditure side, household consumption—the largest component of actual consumption—accelerated to 5% from 4.1% in the previous quarter. However, net external demand weighed on growth, as exports declined further (-0.9% vs -0.4%) while imports saw a notable increase (4% vs 0.1%). On a seasonally adjusted quarterly basis, Hungary’s GDP grew by 0.4%, rebounding from a revised 0.1% contraction in the first quarter.