Hungary: Industrial production growth eases again in November
January 14, 2020
Industrial production rose a working-day-adjusted 5.7% year-on-year in November (October: +6.4% year-on-year), according to a second estimate by the Hungarian Central Statistical Office. November’s moderation largely reflected a slowdown in the manufacture of transport equipment compared to the previous month.
In seasonally- and working-day-adjusted terms, industrial output decreased 1.0% month-on-month in November, following October’s 0.4% contraction. Lastly, annual average growth in industrial production rose from 6.1% in October to 6.3% in November.
Author: Hanna Andersson, Economist