Hungary’s industrial production rose 10.1% year-on-year and by 1.7% month-on-month, the Central Statistical Office reported today. The index being adjusted for working days grew 12.7%.
The growth of industrial output picked up from an annual 7.8% increase in the previous month. Output increased by 7.1% in the first ten months of this year compared to the same period of 2014.
Low base figures in October 2014 contributed to the better than expected figure, said Takarékbank analyst Gergely Suppan. Annual average production volume growth could reach 7.5% this year and 5.5% in 2016, he predicted.
