In May, industrial production expanded 7.6% over the same month last year, which was above the 7.1% increase observed in April. The acceleration reflected a higher number of working days compared to the same month last year. In working-day adjusted terms, growth dropped markedly from 9.7% in April to just 2.6% and came in below market expectations of a 6.8% increase. Robust export sales continue to be the most important driver in the industrial sector. In May, industrial exports rose a working-day adjusted 6.2%, which marked a deceleration over the 10.1% expansion tallied in April. Production for domestic use remained in negative territory for the eighth month in a row and contracted 4.8%. A month-on-month comparison corroborates the deceleration suggested by the annual working-day adjusted figures, as industrial production declined a seasonally and working-day adjusted 0.8% over the previous month, which contrasted the 0.7% increase seen in April. Meanwhile, annual average growth in industrial output decreased from 11.5% in April to 10.5% in May.
Industrial output growth accelerates on seasonal factors
July 14, 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.