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Hungary Industrial Production Growth Slows In December

Hungary's industrial production grew at a softer pace in December, data from the Hungarian Central Statistical Office showed on Friday.

Industrial production grew a working-day adjusted 1.1 percent year-on-year in December, after a 1.5 percent increase in November.

The industrial production volume increased 5.8 percent yearly in December, after a 3.4 percent rise in the previous month. Economists had forecast a 2.8 percent gain.

A growth in production was observed in manufacture of transport equipment and food products, beverages and tobacco, while a decline was seen in manufacture of computer, electronic and optical products, the agency said.

On a seasonally adjusted basis, industrial production fell 2.4 percent monthly in December, following a 1.0 percent decline in the prior month.

In 2020, industrial production decreased 6.1 percent.

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