In Hungary, vehicle production volume, which accounts for 26.9% of manufacturing production and contributes the most to it, decreased by 5.3% in the first quarter of 2024 compared to the same period of the previous year.
"For the time being, the sector here in Hungary shows a mixed picture from a risk perspective: overall recovery is expected this year, but we expect a trend reversal from the second half of the year," Tünde Bujdosó, risk management director of Allianz Trade in Hungary, summarized as the most critical finding of the company's recent market analysis,
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