Kopint Commentary

Industry: an unexpectional December ends a disappointing 2016

On a yearly average, industrial production rose by an insubstantial 0.9 in 2016%, which was way below what was expected …

GDP growth: acceleration in the second quarter, with a less than optimal mix of drivers

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GDP rose by 2.6% in the second quarter, a marked improvement compared to the (revised) rate of 1.1% registered in Q1. But apart from the fact that seasonally and working day adjusted GDP only grew by 1.8% year-on-year, the structure of growth is not without problems, either.

Investments: another drastic plunge

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The second quarter saw the fall in investments by 20.3% year-on-year, which came as a negative surprise compared to the expected decrease of 9-10%.

GDP growth gains steam

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According to the preliminary data, GDP rose by 2.6% in the second quarter, a marked improvement compared to the 0.9% seen in Q1.

GDP: dynamic consumption, ailing exports

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According to the final data, unadjusted GDP grew by 0.9% year-on-year.

Steep fall in investments

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The first quarter of 2016 saw a drastic contraction of investments, at a rate of 9.6% year-on-year.

GDP: steep deceleration

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According to the preliminary data, GDP grew by only 0.9% y-o-y, and the seasonally and working day adjusted growth rate is even lower, 0.5%.

Protracted weakness in industry

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According to the preliminary data, industrial production fell in March by 4.6% against the same month of 2015.

GDP components: consumption picking up, service export flagging

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The final data confirmed that GDP grew by 3.2% in Q4 and 2.9% in 2015 as a whole.

Industrial growth flattened in January

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According to the preliminary data, industrial production eased by 0.2% in January year-on-year.