Home Economy Hungary Industrial Production Growth Rises In February

Hungary Industrial Production Growth Rises In February

by RTTNews Staff Writer

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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