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European Economic News

Hungary June Industrial Production Growth Exceeds Expectations

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Hungary's industrial production rose more-than-expected in June, recovering from a decline in the previous month, data released by the Hungarian Central Statistical Office showed on Tuesday.

Industrial production grew a working-day adjusted 1.7 percent year-on-year in June, after a 2.1 percent fall in May. Economists had forecast 0.5 percent output growth.

Month-on-month, industrial production grew a seasonally adjusted 1.2 percent in June, reversing a 1.2 percent fall in the previous month.

On an unadjusted basis, industrial output declined 0.6 percent annually in June, following a 2.1 percent fall in the previous month.

During the first six months of the year, production shrunk 1.6 percent from the same period last year.

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