Industrial growth decelerates in tandem with the Euro Area

HUNGARY - In Brief 07 Aug 2018 by Istvan Racz
Industrial output fell 1.2% mom on sda basis in June. This marks a slowdown of yoy growth to 3.2%, from 3.7% in the previous month. In terms of quarterly results, output growth decelerated to 3.3% yoy in Q2, from 4.4% in Q1 and 5.9% in Q4 2017.Industrial output growth and PMI Sources: KSH, MLKBT, Markit EconomicsIt seems that Hungary's industrial output growth is slowing down together with the Euro Area. This can be seen from manufacturing PMI data, but also from Eurostat's preliminary estimate on Q2 GDP. According to the latter, Euro Area GDP growth slowed down to 2.1% yoy in Q2, from 2.5% in Q1 and 2.8% in Q4 2017.On this basis, one should expect a material slowdown in Hungary's Q2 GDP growth as well, from 4.7% in Q1 and 4.9% in Q4 2017. The KSH's first estimate on that is scheduled for August 14.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.