In November, industrial production increased 14.5% in calendar adjusted terms over the same month the previous year. The figure exceeded October's 8.3% expansion and overshot market expectations, which had industrial output rising 8.6%. That said, annual growth is expected to drop in the months ahead, as the weak comparison base tallied throughout the crisis are removed from the equation. That said, a month-on-month comparison confirms the significant improvement suggested by the annual figures, as output increased 4.3% in seasonally adjusted terms over the previous month. Growth in the industrial sector continued to be buttressed by exports, which soared 20.7% annually (October: +14.0% year-on-year). Production for the domestic market showed signs of improvement, but remained in negative territory, contracting 5.0% (October: -7.2% yoy). At the sector level, the acceleration was broad-based, as all sectors improved in annual working-day adjusted terms. However, manufacturing led the recovery, expanding 15.8% (October: +9.2% yoy). Electricity, gas, steam and air conditioning supply increased 2.0% (October: +0.5% yoy), while mining and quarrying also improved from an 8.5% contraction observed in October to a 4.9% drop in November.
Industrial output accelerates amid stronger exports
January 14, 2011
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Hungary Economic News
October 11, 2016
In September, consumer prices rose 0.2% from the previous month, contrasting August’s 0.4% decrease.
October 7, 2016
According to preliminary data released by the Statistical Institute (KSH) on 7 October, industrial output in August rose a working-day adjusted 3.5% from the same month last year, rebounding from July’s 0.1% decrease and marking a four-month high. On a monthly basis, industrial production increased a seasonally- and working-day adjusted 1.6% in August, which followed July’s 0.3% decrease.
September 26, 2016
The GKI economic sentiment indicator advanced slightly from August’s minus 3.9 points, which was the lowest reading in over two years, to the still-low level of minus 3.6 points in September.
Hungary: Central Bank leaves base rate at 0.90%, continues easing monetary conditions by capping main deposit facility
September 20, 2016
The Central Bank of Hungary (NBH) held all rates constant at its 20 September monetary policy meeting, but continued easing monetary policy conditions by using unconventional monetary policy instruments.
September 9, 2016
In August, consumer prices fell 0.4% over the previous month, coming in below July’s softer 0.2% decrease.