Hungary: Decline in industrial activity softens in April
Latest reading: Industrial output declined 2.3% in year-on-year terms in April, which followed March’s 5.0% fall. The smaller drop was largely driven by softer contractions in manufacturing plus mining and quarrying production.
On a monthly basis, factory output rose 1.5% in seasonally adjusted terms in April, which was better than March’s 0.1% uptick. Meanwhile, annual average of industrial production was 5.1% in April, matching March’s figure.