Hungary: Industrial output expands at start of year
March 14, 2017
According to revised data released by the Statistical Institute (KSH) on 14 March, industrial output in January rose a working-day adjusted 1.6%, which followed the 1.9% expansion observed in December. The rise was underpinned by an expansion in all three components of the index. The electricity, gas, steam and air conditioning component came first, followed by manufacturing, while mining and quarrying expanded at the softest pace.
On a monthly basis, industrial production swung from a revised seasonally- and working-day adjusted 0.4% expansion in December (previously reported: +0.5 month-on-month) to a 0.1% drop in January, a four-month low. Meanwhile, annual average growth in industrial production remained steady in February at the 0.7% print observed in December.