A research produced by
Q1 marked a pick -up in the Hungarian economy after a decline in 2012 Q4. Recent data continued to surprise on the upside, which may prove that temporary effects from car manufacturing investment have been accompanied by a more broad-based domestic recovery. Retail sales increased by 3.4% y/y in April, while manufacturing PMI moved to expansion territory in June and industrial production confidence improved even more markedly.
Source : Cushman & Wakefield
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