Hungary: Industrial output growth slows in November
January 8, 2018
According to preliminary data released by the Statistical Institute (KSH), industrial output rose a working-day adjusted 3.4% year-on-year in November, coming in below the 7.6% increase observed in October.
In month-on-month seasonally- and working-day adjusted terms, industrial production swung to a 2.1% contraction in November, after rising 1.2% in October.
Lastly, annual average growth in industrial production jumped from 5.1% in October to 5.3%.
Hungary Industrial Production Forecast
FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.5% in 2018, which is down 0.3 percentage points from last month’s projection. For 2019, the panel expects industrial output to expand 4.5%.
Author: Jean-Philippe Pourcelot, Economist
