Hungary: Industrial production recovers in August
October 7, 2016
According to preliminary data released by the Statistical Institute (KSH) on 7 October, industrial output in August rose a working-day adjusted 3.5% from the same month last year, rebounding from July’s 0.1% decrease and marking a four-month high.
On a monthly basis, industrial production increased a seasonally- and working-day adjusted 1.6% in August, which followed July’s 0.3% decrease. The overall trend continued to point downward as annual average growth in industrial production edged down from 4.2% in July to 3.9% in August, marking the lowest reading in over two years.