Market Report, "Hungary Infrastructure Report Q2 2014", Published
We have revised up our growth estimate for Hungary's construction sector in 2013 to 5.9%, from 3.5% previously, on the back of positive Q113-Q313 data published by the Hungarian statistical authorities. Although some of this can be attributed to low base effects, we believe a recovery has taken hold following a challenging few years for the sector. Over the coming quarters we expect the sector to benefit from an improving macroeconomic picture, returning consumer confidence and a tentative recovery in...
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