In July, industrial output decreased a working-day adjusted 2.2% over the same month last year, which contrasted both the 0.6% rise seen in June and market expectations that had industrial production growing 0.7%. Compared to the previous month, industrial production contracted a seasonally and working-day adjusted 1.2% in July, which followed the 2.2% decline observed in June. As a result of the subdued reading, the trend continues to point downwards, with the annual average growth in industrial production falling from 1.4% in June to 0.9%.
Industrial production contracts in July
September 10, 2012
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Hungary Economic News
October 24, 2016
The GKI economic sentiment indicator edged down from minus 3.6 points in September to minus 4.5 points in October.
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.