The industrial production in
Hungary rose by 17.1% in June compared to the previous month,
the Hungarian Central Statistical Office (KSH). The recovery in
the industrial sector in Hungary is "faster than expected" and
"we expect continuation of rebound, however at a slower pace
than in May and June," Erste Group Research said in an 'instant
comment' today. Despite the good results recorded on a monthly
basis in June, the volume of industrial production declined by
7.8% year-on-year, KSH added. The June data suggest a "milder
recession at the end of 2Q20 than we had expected and reinforced
continued recovery of the sector," Erste noted.
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