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.
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%.
According to the preliminary data, industrial production fell in March by 4.6% against the same month of 2015.
The European Economic Network (Euren) has published Euren-News 2016/1.