Posted by: Michèlle Elbers Posted on: Tuesday 15 June 2010, 13:27

World Cup news are not the only ones to make headlines in the week ahead; the coming days will likely abound with macro data that will keep investors focused on markets. US real estate and industrial reports will stand out in importance from a succession of confidence indices.

While Hungary’s industrial sector is slowly beginning to recover, the construction industry has been unable to return to a growth cycle, with 5.8% yr/yr setback witnessed even in March. Scheduled for release on Monday, the April construction industry report is expected to bring better news as suggested by a hefty 35.3% rise in new orders in March, although this was due to a few major contracts according to Hungary’s Central Statistics Office.

The Statistics Office is planning to release its next labour and wage report on Friday. Following a setback in February, March witnessed growing gross and net wages, coupled with increasing employment in the private and public sector alike.

While parliamentary elections are taking place according to schedule in many parts of the CEE region (first in Hungary, then in the Czech Republic, and finally last weekend in Slovakia), there is a threat of a government crisis in Romania, 6 months after the last general elections. The opposition has made another motion of no confidence against the new cabinet, led by Emil Boc. Parliament will decide on the motion on Tuesday. MPs had supported the first motion of no confidence against Boc last year, which resulted in a drawn-out government crisis, after which re-elected President Traian Basescu re-appointed Boc to head the new government.

Bron: Portfolio.hu