Key Events In EMEA Next Week - Saturday, May 1

Hungary: Possible stagnant PMI reading and pessimistic retail and industry figures

With supply chain issues causing stoppages in Hungary and a reopening having begun, the manufacturing PMI will be shaped by both negative and positive forces. The result could be stagnation. We will also see data on industry and retail sales in March and are bracing for a bad outcome. The retail sector’s performance was probably held back by a new round of containment measures in March, with non-essential shops being closed. Industry faced supply chain disruptions amid a shortage of microchips and semiconductors and the proverbial icing on the cake was the Suez Canal incident, causing further delays in input shipments.

EMEA Economic Calendar

ING, Refinitiv

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Disclaimer: This publication has been prepared by the Economic and Financial Analysis Division of ING Bank N.V. (“ING”) solely for information purposes without regard to any ...

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