Plus   Neg

Hungarian Industrial Output Rebounds Unexpectedly In March

Hungary's industrial production increased slightly in March, after falling in the previous two months, defying economists' forecast for a decline, preliminary data released by the Central Statistical Office showed Tuesday.

Industrial production advanced a working-day adjusted 0.6 percent year-on-year in March, recovering from February's revised 3.5 percent decrease. In January, industrial output dropped 1.6 percent annually. Economists expected output to edge down by 0.1 percent in March.

On an unadjusted basis, production decreased 1.6 percent in March, after rising 0.8 percent in the previous month, the agency said.

On a monthly basis, industrial output moved up a seasonally adjusted 0.6 percent in March, reversing the previous month's 0.2 percent decline. In the January-March period, Hungary's industrial output dropped 0.1 percent from the corresponding period a year earlier.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

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.

Follow RTT