Hungary GDP growth in Q3 pulled by Investments, slowdown expected - Macrocomment from Concorde Securities
Main features of the Q3 economic growth are:
- household consumption was strong, and decelerated only mildly from the previous growth rates;
- investments ‘raced’ further on the back of EU-financed and state-sponsored infrastructural projects;
- inventories slightly dropped;
- services remained strong, though lost some momentum and construction growth picked up from the previous quarters’ slowdown.
- Manufacturing rose at a speed of 2.5% y-o-y in Q3, the latest release of September industrial production showed factories raising production by 2.3%.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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