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Financial News: Hungary Industrial Production Growth Slows In August

Hungary Industrial Production Growth Slows In August

10/14/2019 - 07:46:00 (RTTNews)

(RTTNews) - Hungary's industrial production grew at a slower rate in August, final data from the Hungarian Central Statistical Office showed on Monday.

Industrial production climbed a working-day adjusted 2.7 percent in August, after an 8.7 percent increase in July. A similar lower growth was last seen in October 2018.

On an unadjusted basis, industrial production grew 0.3 percent annually in August, after a 12.0 percent rise in the previous month.

On a monthly basis, industrial production fell a seasonally adjusted 1.2 percent in August, reversing a 1.7 percent rise in the preceding month.

There was no change from the flash estimate, the agency said.

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