In February, industrial production expanded a working day adjusted 14.3% over the same month the previous year. The print came in above the 10.7% expansion observed in January and beat market expectations, which had output rising 11.7%. In line with the developments observed throughout 2010, February's expansion was underpinned by robust demand abroad, which rose a working day adjusted 18.4% year-on-year. Production for the domestic market showed signs of improvement but remained in negative territory, contracting 2.7% (January: -11.2% yoy). At the sector level, the acceleration was the result of higher output in the mining and quarrying sector as well as in manufacturing. In particular, mining output increased an extraordinary 43.4%, which, according to the statistical institute, came amid ?an outstanding performance in the groups of extraction of natural gas and support activities for petroleum and natural gas extraction.? A month-on-month comparison corroborates the improvement suggested by the annual figures, as industrial output increased 0.9% in seasonally adjusted terms over the previous month. In its latest inflation report from March, the Central Bank revised this year's growth prospects down a notch to 2.9%, while maintaining expectations that the economy will increase 3.0% next year.
Industrial output maintains strong pace
April 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.