In the third quarter of 2017, a new record has been reached in the manufacturing sentiment indicator.
Hungary has improved 9 places, it is the 60th in the world and the 24th most competitive country in the EU according to WEF Competitiveness Index.
The most problematic factor of the Hungarian manufacturing industry is polarisation. The difference between small and large enterprises is statistically significant; large firms are in much better situation, while companies having less than 10 employees are operating in much worse circumstances.
The confidence indicator is led by large companies while smaller ones are facing difficult problems.
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Current sentiment of the Hungarian manufacturing industry is ambivalent. According to their own sentiment evaluation, firms are feeling themself well and their outlook for the next 6 months is also looking good. The evaluation of the country’s current state and prospectives just as the production forecasts are also good.
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 …
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.