By Tamas Csonka in Budapest Hungary’s gross domestic product contracted 0.2% q/q in Q2, dropping for the first time since Q1 2023, in a negative surprise below the 0.4% median growth forecast. Economic output in Q2 rose 1.5% year-on-year (chart) in April-June and was up 1.3% when adjusted for working days, missing the 2.4% consensus, according to preliminary data from the Central Statistics Office (KSH) on July 30. Prior to the release of the data, analysts were expecting that household consumption would drive growth, however, the preliminary data suggests that it was a drag on growth. In its …