GDP growth indeed slowed down in Q2 but better than expectation

HUNGARY - In Brief 14 Aug 2018 by Istvan Racz
Q2 GDP came out at 0.9% qoq, 4.4% yoy this morning, decelerating from 1.2% qoq, 4.7% yoy in Q1. This means that analysts correctly expected growth to slow down but undershot the actual by their average expectation of 4.2% yoy (see yesterday's in-brief from us).As no details are made available on the occasion of the first GDP estimate, it cannot be known exactly where the positive surprise came from. The only vague hint was given by one sentence in the KSH's communiqué, which said that on the supply side, all sectors contributed to growth, especially market-based services. On this latter area, there is only limited information available between quarterly GDP data, and that can explain the downside forecast error made by analysts if indeed an outstandingly good outcome was recorded in that big sector.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.