In October, industrial production increased a working-day adjusted 3.0% over the same month last year, according to preliminary data released by the Central Statistics Office (KSH). The figure mirrored the year-on-year print observed in the previous month and overshot market expectations that had industrial output rising only 1.8%. Compared to the previous month, industrial production contracted a seasonally and working-day adjusted 0.9% in October. The contraction reflects in part an unfavorable base effect, as industrial output grew a strong 3.9% in September (previously reported: +3.0% month-on-month). However, the trend continues to point downwards, with annual average growth in industrial output falling from 6.6% in September to 6.1% in October.
Industrial output maintains the pace
December 7, 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.