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Hungary: Erste, industrial output up 6.1% in May

Sector remains 'resilient to global slowdown'

05 July, 16:30
(ANSA) - BELGRADE, 05 JUL - The volume of the industrial output in Hungary grew by 6.1% year-on-year in May based on working-day adjusted data, Erste Group Research said in an instant comment today, quoting Hungarian official data. "The actual figure proved somewhat higher than our estimate of 5.6% y/y," Erste added, noting that on a monthly comparison the "industrial output rose by an impressive 1.4%," in particular thanks to the results in the manufacturing of transport equipment.

"The latest industrial figures can again be seen as proof that so far the performance of the sector has proved surprisingly resilient to global, especially German, slowdown" and that the "industrial performance could remain strong, and the sector could be important driver of GDP growth in 2019 and 2020," Erste said. (ANSA).

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