Hungary Industry

Hungary

Hungary: Industrial production growth slows in February

April 8, 2015

According to preliminary data released by the statistical institute (KSH) on 8 April, industrial output in February rose a working-day adjusted 5.8% over the same month of the previous year, marking a deceleration compared to the 7.7% increase observed in January. The print slightly exceeded market expectations of a 5.6% increase.

On a monthly basis, industrial production dropped a seasonally- and working-day adjusted 0.3% in February, contrasting January’s 4.4% expansion. Meanwhile, annual average growth in industrial production moderated from 7.3% in January to 7.1% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 5.2% in 2015, which is unchanged from last month’s projection. For 2016, the panel expects industrial output to expand 5.5%.


Author: Teresa Kersting, Economist

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Hungary Industry Chart


Hungary Industry February 2015

Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Hungarian Central Statistics Office and FocusEconomics calculations.


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