Hungary's industrial production declined for the first time in four months in January, data from the Hungarian Central Statistical Office showed on Friday.
Industrial production declined a working-day adjusted 2.8 percent year-on-year in January, after a 1.0 percent increase in December.
The industrial production volume decreased 6.7 percent yearly in January, after a 5.8 percent growth in the previous month. Economists had forecast a 4.0 percent fall.
A decline in production was observed in manufacture of transport equipment and food products, beverages and tobacco, while a growth was seen in manufacture of computer, electronic and optical products, the agency said.
On a seasonally adjusted basis, industrial production rose 0.2 percent monthly in January, after a 2.7 percent decline in the prior month.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
