DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ff5138/hungary_freight_tr) has announced the addition of the "Hungary Freight Transport Report Q3 2011" report to their offering.
Business Monitor International's Hungary Freight Transport Report provides industry professionals and strategists, corporate analysts, freight transportation associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Hungary's freight transportation industry.
The Hungarian economy will experience a recovery in 2011, but it will not be plain sailing. BMI continues to see two big structural problems that will limit economic growth and therefore affect prospects for the freight transport sector. They are a large budget deficit, not unusual in Europe, which will require ongoing fiscal austerity, and high levels of household debt, which will dampen consumer demand. A weak forint also means that exports will make a positive contribution to GDP, but this will be somewhat offset by lower demand from neighbouring Germany, where growth in 2011 will cool off.
With commodity prices elevated across the board and with Brent crude oil prices still above the US$120.00/bbl level, we could see further pressure on imported energy and food prices in Hungary in the coming months. However, we hold to our view that the previous three 25 basis point rate hikes between November 2010 and January 2011 will prove sufficient to temper inflation over the medium term.
Headline Industry Data
- 2011 air freight tonnage forecast to grow 1.53% year-on-year (y-o-y);
- 2011 rail freight tonnage forecast to grow 5.22% y-o-y;
- 2011 road freight tonnage forecast to rise 5.18% y-o-y;
- Total trade (real growth) expected to increase 7.05% y-o-y in 2011.
Companies Mentioned:
- Malv Cargo
- Rail Cargo Hungaria
- Waberer's Holding
For more information visit http://www.researchandmarkets.com/research/ff5138/hungary_freight_tr