1002 results for Hungary
Hungary’s industry and agriculture held back economic activity, but positive momentum in services was also lost in 2Q
Hungary's economic outlook remains subdued
For the first time since May 2023, the cycle of monetary easing has taken a temporary breather in Hungary
June brought a cooling in wage growth, but services inflation may still be under heat
The NBH is likely to remain on hold at the August meeting
July's surplus is good fiscal news, but weak second quarter GDP data means we're not out of the woods yet
The structure of inflation remains worrying in Hungary driven by high monthly repricing
In Hungary, we've seen a slight turnaround in the performance of the industry, but we doubt that it will last
Retail sales in Hungary stagnate once again
Hopes for strong growth in Hungary were shattered by the second-quarter GDP data, hence our scaled-back optimism
