Hungary: First estimate signals steady growth in industrial production in December
February 7, 2019
According to a first estimate released by the Hungarian Central Statistical Office (KSH) on 7 February, industrial output increased a working-day adjusted 3.6% year-on-year in December, virtually matching November’s 3.5% rise.
In month-on-month, seasonally and working-day adjusted terms, industrial production jumped 2.5% in December, contrasting a 1.1% contraction in November. Meanwhile, annual average growth in industrial production inched down from November’s 3.8% to 3.7% in December, the weakest reading in over one year.
Hungary Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.1% in 2019, which is unchanged from last month’s projection. For 2020, the panel expects industrial output to expand 4.5%.