Hungary: Industrial activity contracts at sharpest rate since January in September
Industrial output fell 1.7% year-on-year in September (August: +0.6% yoy), according to a first estimate. September’s figure marked the steepest fall since January.
On a monthly basis, industrial production fell 0.3% in seasonally-adjusted terms in September, easing notably from August’s 2.7% fall. Meanwhile, annual average growth of industrial production was 12.6% in September, matching August’s print.