Hungary: Industrial production rises in January
March 12, 2020
According to a second estimate by the Statistical Institute, industrial production increased a working-day-adjusted 2.7% year-on-year in January, matching the first estimate and contrasting December’s revised 3.6% fall (previously reported: -3.7% year-on-year). January’s reading largely reflected a significant rebound in the production of vehicles, as well as a pick-up in computer, electronic and optical goods output.
In seasonally- and working-day-adjusted terms, industrial output jumped 4.6% month-on-month in January, following the revised 3.7% decline logged in December (previously reported: -3.8% month-on-month). Annual average growth in industrial production edged down to 5.2% in January from 5.4% in December.
Author: Hanna Andersson, Economist