Hungary: Industrial production slows in October
December 5, 2014
According to preliminary data released by the statistical institute (KSH) on 5 December, industrial output in October rose a working-day adjusted 1.7% over the same month last year, marking a deceleration compared to the strong 5.2% increase observed in September and marking the worst reading since August 2013. The reading came in below market expectations of a 5.0% increase but marked the 17th consecutive expansion.
On a monthly basis, industrial production contracted a seasonally- and working-day adjusted 2.6% in October, contrasting September’s 2.6% expansion. Meanwhile, annual average growth in industrial production inched down from 7.5% in September to 7.2% in October, the worst result in three months.