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Financial News: Hungary Industrial Production Growth Rises In February

Hungary Industrial Production Growth Rises In February

04/05/2019 - 10:27:00 (RTTNews)

(RTTNews) - Hungary's industrial production growth rose in February after easing in the previous month, data from the Hungarian Central Statistical Office showed on Friday.

Industrial production rose a working day adjusted 5.9 percent year-on-year in February, after a 5.0 percent rise in January.

On a non-working day adjusted basis, industrial production grew 5.9 percent in February, following a 4.4 percent rise in the previous month. That was the fastest since October, when output rose 6 percent.

The rate of growth accelerated in manufacture of transport equipment, computer, electronic and optical products, while food products, beverages and tobacco rose similarly to the degree of industrial average.

On a month-on-month basis, industrial production rose 1.0 percent in February, after 0.6 percent rise in the prior month.

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