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Optimism is fading again the manufacturing industry

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.

Another setback in industrial growth

Following the spectacular growth in September (buttressed by a sizeable calendar effect), October brought another negative turn: industrial production decreased …

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.

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.