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Financial News: Hungary Industrial Production Growth Strongest In 5 Months

Hungary Industrial Production Growth Strongest In 5 Months

10/06/2017 - 04:07:00 (RTTNews)

(RTTNews) - Hungary's industrial production growth accelerated at a faster-than-expected pace in August to the highest level in five months, preliminary data from the Hungarian Central Statistical Office showed Friday.

The volume of industrial production climbed a working-day-adjusted 6.8 percent year-over-year in August, much faster than the 0.2 percent rise in July. That was well above the 2.9 percent gain economists had forecast.

The measure has been rising since November last year.

Without adjustment, industrial production expanded the same 6.8 percent annually in August.

On a monthly basis, industrial production recovered strongly by 5.5 percent in August, following a 4.2 percent decline in the preceding month.

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