Hungary: Industrial output surges in March
May 5, 2017
According to preliminary data released by the Statistical Institute (KSH) on 5 May, industrial output in March rose a working-day adjusted 9.4%, which followed the already-strong 7.1% expansion observed in February and marked the best print since October 2015.
On a monthly basis, industrial production slowed from a revised seasonally- and working-day adjusted 3.1% expansion in February to a soft 0.4% increase in March. Meanwhile, annual average growth in industrial production jumped from 1.2% in February to 2.3% in March.