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.