The Hungarian Forint edged down against the US dollar from early European session's 2-day high of 215.50 in New York trading on Friday. The preliminary estimates of the Hungarian Statistical Office showed today that Hungarian economy continued to expand in the second quarter.

The gross domestic product grew 1% year-on-year on an unadjusted basis in the second quarter, following a 0.1% growth in the previous quarter. Economists were looking for an increase of 0.9%.

Hungary's industrial output increased 15.2% year-on-year in July, a final report from the Hungarian Statistical Office showed today. This followed a 13.8% increase in May. Economists were expecting an increase of 13.1%.

The index, after adjusting to number of working days, rose 12.6% annually, confirmed its preliminary estimate published on August 5.

On a monthly basis, industrial output rose a seasonally and working day adjusted 0.8% in June after rising 5.4% in May.

As of now, the forint is trading near 219.47 versus the greenback, compared to 218.61 hit late New York Thursday.

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