What’s New

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.

Good outlooks in manufacturing industry

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Current state and outlooks of the Hungarian manufacturing industry looks pretty good. However there are several external barriers which set the production back.

Global and Hungarian economy in the summer of 2016 (press release)

Kopint-Tarki has published its latest economic forecast concerning the global and Hungarian economy.

GDP: dynamic consumption, ailing exports

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

Manufacturing companies are still enthusiastic

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Manufacturing companies see their current situation mixed, but very optimistic regarding the future.

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.

Euren News 2016/1

EUREN

The European Economic Network (Euren) has published Euren-News 2016/1.