Hungary: Industrial output growth cools in November
January 8, 2021
Industrial output expanded 1.6% year-on-year in November (October: +2.7% yoy), according to a preliminary estimate.
On a monthly basis, industrial output dropped 1.2% in seasonally-adjusted terms in November, contrasting October’s 2.8% increase. Meanwhile, the trend pointed further down, with the annual average variation of industrial production coming in at minus 7.4% in November, from October's minus 7.1% reading.