According to more detailed data released by the statistical institute (KSH) on 12 March, industrial output rose a working-day adjusted 6.1% over the same month last year in January. The reading met the preliminary estimate and marked an improvement over the 4.4% increase observed in December. On a monthly basis, industrial production rose a seasonally- and working-day adjusted 3.1% in January, which contrasted the 1.8% fall observed in the previous month. The month-on-month increase represented the fastest pace since May 2012. Meanwhile, annual average growth in industrial production rose from 1.8% in December to 2.4% in January. FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.7% in 2014, which is down 0.2 percentage points from last month's projection. For 2015, the panel expects industrial output to expand a stronger 4.0%.
Industrial production growth meets preliminary estimate
March 12, 2014
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Hungary Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hungarian Central Statistics Office and FocusEconomics calculations.
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.