The current state of the Hungarian manufacturing industry is odd. On one hand the sentiment indicators reflect good mood – all indices based on the subjective assessment of the companies are on high levels. On the other hand other indicators that are relying on more objective factors are in declining.
Following the spectacular growth in September (buttressed by a sizeable calendar effect), October brought another negative turn: industrial production decreased …
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.
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%.
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.
Current state and outlooks of the Hungarian manufacturing industry looks pretty good. However there are several external barriers which set the production back.
Kopint-Tarki has published its latest economic forecast concerning the global and Hungarian economy.
According to the final data, unadjusted GDP grew by 0.9% year-on-year.
Manufacturing companies see their current situation mixed, but very optimistic regarding the future.
The first quarter of 2016 saw a drastic contraction of investments, at a rate of 9.6% year-on-year.