Hungary: Industrial output expands in November
January 6, 2017
According to preliminary data released by the Statistical Institute (KSH) on 6 January, Hungary's industrial output in November rose a working-day adjusted 0.6%, contrasting the 2.1% contraction observed in October and marking the first expansion in three months.
On a monthly basis, industrial production decelerated from a seasonally- and working-day adjusted 2.0% expansion in October to 0.9% growth in November. The overall trend continued to point downward as annual average growth in industrial production nosedived from 1.7% in October to 1.2% in November, marking the lowest reading in three years.