In December, industrial output increased 6.0% in working-day adjusted terms over the same month the previous year. The figure marked a significant deterioration compared to November's 14.7% expansion (previously reported: 14.5%) and surprised the market on the downside, as analysts had expected industrial output growth to accelerate to 17.5%. According to the Central Statistics Office (KSH), the sharp deceleration was the result of a ?below-average? growth in exports, which moderated to a 12.5% expansion (November: +21.2% year-on-year). Meanwhile, sales in the domestic market remain weak, with production for domestic use recording only a minor improvement (November: -4.5% yoy; December: -2.2% yoy).
Industrial production decelerates amid weaker exports
February 9, 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.