news letterOur mobile application

Weekly newsletter

Industrial Output Up 3.6% Yr/Yr

MTI-Hungary Today 2020.01.14.

Industrial output in Hungary rose by an annual 3.6% in November, the Central Statistical Office (KSH) said on Tuesday, confirming the preliminary estimate.

In a month-on-month comparison, industrial output fell by 1%, according to seasonally and working day-adjusted figures. Output of the automotive sector grew by an annual 4% in November, down from 9.6% in October, according to the second reading of the data.

Computer, electronics and optical equipment saw a gain on 8.8% in November, while food, drink and tobacco products grew by 4.5%.

CPI up 3.4 pc in 2019

Hungary’s consumer price index increased by 3.4% in 2019, while in the month of December it rose by 4%, the Central Statistical Office (KSH) said Tuesday.

Month on month, CPI rose by 0.3% in December last year.

KSH statistician Péter Quittner said in a statement that the price of spirits, tobacco, fuel and food increased significantly over the past 12 months.

Seasonally adjusted core inflation was 3.8% last year. In December, core inflation was 3.9%.