Hard data from the Hungarian industry stay strong
Just released Hungarian macro figures have showed that the industrial production accelerated from 11.3% Y/Y in June to 12.3% Y/Y in July. The figure is well above the consensus expectation of 9.7% Y/Y increase. The figure is strong especially that the base in last year was also relatively high. The working day adjusted industrial growth was also 12.3% Y/Y, while the seasonally and working day adjusted one reflected only marginal slowdown of increase from 1.8% MoM in June to 1.6% M/M in July.
Read the full report: FX Daily