Hungary Industry


Industrial production defies market expectations

In August, industrial output rose a working-day adjusted 1.4% over the same month last year, which contrasted both the 2.2% drop seen in July and market expectations that had industrial production falling 1.5%. Compared to the previous month, industrial production expanded a seasonally and working-day adjusted 2.6% in August, which contrasted the 1.2% decline observed in July. As a result of the monthly reading, annual average growth in industrial production inched up from 0.9% in July to 1.0%, breaking the downward trend in place since April last year.


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Hungary Industry Chart

Hungary Industry August 2012

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hungarian Central Statistics Office and FocusEconomics calculations.

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