In July, industrial production expanded a working-day adjusted 2.7% over the same month last year, which came in above the 1.0% increase recorded in the previous month and beat market expectations that had industrial production rising 1.8%. The improvement reflected higher output in manufacturing, which more than offset slower growth in mining and quarrying as well as a contraction in electricity, gas, steam and air conditioning supply. Industrial exports sales remained the main driver of growth and increased a working-day adjusted 2.8% (June: -0.6% year-on-year). In contrast, sales for the domestic market declined 9.3% (June: -6.4% yoy), remaining in negative territory for a tenth month in a row. A month-on-month comparison corroborates the improvement suggested by the annual figures, as industrial output rose a seasonally and working-day adjusted 0.8% over the previous month, which contrasted a 0.6% contraction recorded in June. The trend continues to point downwards, with annual average growth in industrial output decreasing from 9.5% in June to 8.7% in July.
Industrial output picks up on external demand
September 15, 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.