Hungary: Industrial production swings to contraction in January
Industrial output dropped 2.8% year-on-year in January (December: +1.0% yoy), according to a preliminary estimate.
On a monthly basis, industrial output rose 0.2% in seasonally-adjusted terms in January, swinging from December’s 2.7% downturn. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 7.5% in January, from December’s minus 7.1% reading.