Hungary September Industrial Output Rises On Month

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Thursday, Hungary's Central Statistical Office said in a preliminary report that industrial production rose a seasonal and working day adjusted 3.7% in September, rebounding from the 0.7% decrease in the previous month. This represents the fastest monthly increase in production since March, when output had increased 4.4%.

On a yearly basis, industrial output dropped a working day adjusted 15% in September, markedly slower than the 19.8% decline in the previous month. This marks the slowest rate of yearly decline in production recorded since November last year, when output had fallen 8.4%. Economists were looking for a 17.9% decline.

In the first nine months of the year, industrial production was down 21% compared to the same period of the previous year.

Thursday, Hungary's Central Statistical Office said in a preliminary report that industrial production rose a seasonal and working day adjusted 3.7% in September, rebounding from the 0.7% decrease in the previous month. This represents the fastest monthly increase in production since March, when output had increased 4.4%. (Market News Provided by RTTNews)