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Industrial Production Rises By 3.4% YoY in May

HUNGARY
  • *HUNGARY MAY RETAIL TRADE RISES 11.1% Y/Y; EST. +11.0%
  • *HUNGARY MAY INDUSTRIAL PRODUCTION RISES 3.4% Y/Y; EST. +1.7% (bbg)
  • The sharp tightening in financial conditions continues to price in a significant deceleration in the economic activity in the coming months.
  • The chart below shows that the 2-year change in Hungary 3Y yield has strongly led industrial production by 6 months in the past 15 years.

Source: Bloomberg/MNI

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