In January, industrial output decreased a working-day adjusted 2.7% over the same month last year, according to preliminary data released by the statistical institute (KSH) on 7 March. The figure contrasted the sharp 6.9% increase recorded in December and was below market analysts' expectations. Compared to the previous month, industrial output grew 2.1% in seasonally and working-day adjusted terms, which failed to compensate for the sharp 7.3% decline observed in December. The relatively subdued print likely reflected the effect of the holiday season along with disruptions in the automotive manufacturing industry as a result of the floods in Thailand. Revised and more detailed data will be released in 14 March. Annual average growth in industrial production continued to moderate, falling from 5.3% in December to 4.2% in January.
Industrial production declines in January
March 7, 2012
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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.