Hungary: Growth in industrial production slows in January
March 7, 2016
According to preliminary data released by the statistical institute (KSH), industrial output in January rose a working-day adjusted 2.2% over the same month last year. The result was notably below the revised 6.8% increase observed in December (previously reported: +6.9% year-on-year) and marked the smallest expansion since October 2014.
On a monthly basis, industrial production fell a seasonally- and working-day adjusted 0.1% in January, which followed December’s 0.7% decrease. Meanwhile, annual average growth in industrial production deteriorated from 7.2% in December to 6.6% in January.