Hungary: Industrial output falls back in April
June 7, 2012
In April, industrial production decreased a working-day adjusted 3.1% over the same month last year, which contrasted both the 0.6% rise seen in March and market expectations that had industrial production edging up 0.3%. Compared to the previous month, industrial output plunged 2.4% in seasonally and working-day adjusted terms, which contrasted the 0.6% rise seen in March. Annual average growth in working-day adjusted industrial production continued to moderate, falling from 2.4% in March to 1.3% in April.