Hungary: Growth in industrial output accelerates in December
February 7, 2017
According to preliminary data released by the Statistical Institute (KSH) on 7 February, industrial output accelerated from a working-day adjusted 0.7% annual expansion in November to 1.9% in December.
On a monthly basis, industrial production decelerated from a seasonally- and working-day adjusted 0.8% increase in November to 0.5% growth in December. The overall trend continued to point downward as annual average growth in industrial production nosedived from 1.2% in November to 0.8% in December, marking the lowest reading in over three years.