In January, industrial output expanded a working-day adjusted 10.9% over the same month last year, according to preliminary figures released by the Central Statistics Office (KSH) on 8 March. The figure represented a sharp improvement compared to December's weak 5.9% year-on-year expansion (previously reported: +6.0% yoy) and surprised the market on the upside, as analysts had expected industrial production to grow 7.6%. A month-on-month analysis corroborates the improvement suggested by the annual figures, as industrial output grew 15.5% in seasonally adjusted terms over the previous month. The figure represented a significant rebound following on December's slump (-13.3% mom). Moreover, owing to the strong monthly figure, the trend continues to improve, rising from 10.0% in December to 10.5% in January.
Industrial production recovers in January
March 8, 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.