Hungary Industry August 2015


Industrial production recovers in August

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. The overall trend continued to point downward as annual average growth in industrial production edged down from 4.2% in July to 3.9% in August, marking the lowest reading in over two years.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.3% in 2016, which is down 0.5 percentage points from last month’s projection. For 2017, the panel expects industrial output to expand 4.3%.

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Hungary Industry Chart

Hungary Industry August 2016 0

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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