In February, industrial production decreased a working-day adjusted 3.4% over the same month last year, according to revised data released by the statistical institute (KSH) on 13 April. The print was unchanged from preliminary figures published on 6 April, thus confirming that industrial output recorded its sharpest decline since November 2009. Moreover, the reading came in below market expectations, which had industrial output falling 1.1%. The contraction mainly reflected a decline in the manufacturing sector, which deteriorated further over the previous month. The deterioration, however, was offset by improvements in mining and quarrying as well as in electricity, gas, steam and air conditioning supply. Compared to the previous month, industrial output added 0.8% in seasonally and working-day adjusted terms, which was below the 2.2% rise seen in January. Annual average growth in working-day adjusted industrial production continued to moderate, falling from 4.2% in January to 2.7% in February.
Industrial output drops the most in more than two years
May 3, 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.