Hungary Industrial Production Growth Eases As Estimated

Hungary's industrial production increased at a softer pace in March, as initially estimated, data from the Hungarian Central Statistical Office showed on Friday.

Industrial production increased a working-day adjusted 4.2 percent annually in March, as estimated, after a 4.8 percent growth in February.

The industrial production volume increased an unadjusted 3.6 percent yearly in March, as initially estimated.

The majority of the manufacturing sub-sections contributed to the growth in March, while manufacturing of transport equipment registered a strong decline.

On a monthly basis, industrial production dropped a seasonally and working-day adjusted 0.1 percent in March, as estimated, after the 1.9 percent growth in the preceding month.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Federal Communications Commission or FCC has granted SpaceX Services, Inc. authorization to use its Starlink satellite internet system on vehicles in motion. SpaceX, owned by Elon Musk, is allowed to operate consumer and enterprise Ku-band Earth Stations in Motion or ESIM using frequencies allocated to the fixed satellite service. The approval would help the company to expand its services to Loud Muscle Science, LLC is recalling certain Launch Sequence products in the United States and Canada citing the presence of undeclared Tadalafil, the U.S. Food and Drug Administration said. These tainted Launch Sequence Capsule products are marketed as dietary supplements for male sexual enhancement. The U.S. Food and Drug Administration announced the intended availability of around 17 million bottles equivalent of general infant formula to be imported from New Zealand and Ireland. Under the FDA's enforcement discretion to source more infant formula to the U.S., French food company Danone SA will send 555,000 cans Aptamil Gold Plus from New Zealand.
Follow RTT