Hungary's industrial production increased annually in April as initially estimated, reversing the modest decline seen in the previous month, final data from the Central Statistical Office showed Friday.
Industrial production, on a working-day adjusted basis, increased 2.9 percent annually in April, which was in line with the flash estimates. The growth more than offset March's 0.7 percent decrease.
Driving the recovery, manufacturing production advanced 6.3 percent from April 2012. Meanwhile, mining and quarrying output dropped by 17.6 percent, and energy production declined by 3 percent.
On an unadjusted basis, industrial output recorded a 5.3 percent year-on-year increase in April, reversing the previous month's 2.9 percent fall, data showed.
Sequentially, industrial production moved up a seasonally-adjusted 1.2 percent during the month, as initially estimated, after gaining 0.4 percent in March. In the first four months of the year, output decreased 1.2 percent from the corresponding period of last year.
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