WOOD Flash – Hungary macro: meaningful monthly increase across sectors, bar retail
The European Commission’s economic sentiment index rose to 103.1 in May 2021, from 98.9 in April, returning to the April 2020 level. All sectors posted a meaningful monthly increase, except for the retail sector, which moved sideways, probably reflecting the continuing COVID-19 restrictions and low tourism flows. Our model for real GDP growth, based on these surveys, indicates a robust acceleration in the first two months of 2Q: 1.8% yoy, compared to -0.7% in 1Q, predicted by the model. This technique does not capture the base effects accurately, due to the shutdown of production in 2Q last year, but it is a good way to monitor the pace of the economy across sectors, in our view.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.