In December, industrial production increased a working-day adjusted 6.7% over the same month the year before, according to preliminary data released by the statistical institute (KSH) on 7 February. The reading nearly doubled the 3.5% growth seen in November but still undershot market expectations of a 9.3% increase. However, compared to the previous month, industrial output plummeted 7.4% in seasonally and working-day adjusted terms. The negative print was largely ignored by the market, as it likely reflects a statistical effect similar to the one witnessed last year, when industrial output plunged 10.5% in December 2010 before skyrocketing 12.2% in January 2011. In fact, according to preliminary data, annual average growth in industrial production picked-up for the first time since March, rising from 5.2% in November to 5.3% in December.
Industrial output accelerates in December
February 7, 2012
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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.