The decline in Hungary's industrial production eased in January, but to a lesser extend than economists had forecast, latest data showed Thursday.
Industrial production decreased a working-day adjusted 1.4 percent year-on-year in January, slower than the 3.4 percent decrease seen in December, preliminary data from the Central Statistical Office showed. Economists had forecast a more modest decrease of 0.8 percent.
On an unadjusted basis, production declined 1.4 percent annually, after falling 7.6 percent in December, data showed.
On a monthly basis, industrial output increased 2.9 percent in January, after falling 1.6 percent in December.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.