ING Think / Péter Virovacz
Based on our Leading HUBE indicators, we suggested that the 3Q18 GDP reading would show some softening. The actual data has refuted this but we've not lost faith in our model. We need to highlight that the Leading HUBE indicators don’t take into account the performance of the agricultural sector. According to the Statistical Office, agriculture was a key element behind the strong growth in 3Q18. Download full report.