An uptick in Hungary’s industrial output growth in April was more or less in line with expectations but a slowdown could be seen in May, analysts said on Tuesday.
Hungary’s year-on-year workday-adjusted industrial output edged up to 9.5% in April from 9.2% in March, the Central Statistics Office (KSH) said early Tuesday.
Takarékbank’s Gergely Suppan said the pickup in growth in April was in line with other macroeconomic indicators. A high base, delivery problems at Japanese suppliers and slowdown on Hungary’s export markets project smaller growth in May, he added.
Takarékbank puts year-on-year industrial output growth at 4-6% in the coming months and expects a pickup the autumn months, Suppan said.
Zoltán Árokszállási of Erste Bank said he had expected adjusted growth in April to reach 11% but still stood by his projection for full-year growth of 8.5%.
Analysts have predicted a gradual slowdown in growth in 2011, but said it would only start later. Fresh data and the worsening outlook in Germany ─ Hungary’s biggest export market ─ suggest it will come sooner, he added.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
