Hungary’s economy grew by an annual 3.2 percent in the third quarter, unchanged from earlier projections and up 0.5 percent from the previous quarter, with every sector contributing towards making Hungary a top performer in Europe, the economy ministry said on Wednesday.

Thanks to the favourable third quarter figure, the 2014 growth figure will likely exceed the official autumn forecast of 3.2 percent, the ministry said. The stable growth rate shows that the effects of one-off elements hindering growth, such as the Russian embargo and the summer drop in industrial output, were considerably less powerful than previously expected, it added.

Hungary’s seasonally and calendar adjusted annual growth figure of 3.1 percent is well above the EU28 average of 1.3 percent, the ministry said. Hungary’s quarterly growth of 0.5 percent was also above the EU28 growth of 0.3 percent, it added.