Hungary: Industrial production loses momentum in April
Latest reading: Industrial production increased 1.2% in annual terms in April, following a 3.6% rise in the previous month.
Relative to the prior month’s data, readings in April worsened for manufacturing (+0.9% on a year-on-year basis vs +3.7% in March) and electricity, gas, steam and air conditioning (-0.1% vs +0.9% in March). In contrast, the reading for mining and quarrying improved in April (+72.5% vs +4.3% in March).
In seasonally adjusted month-on-month terms, industrial production fell 1.0% in April, following a 3.1% rise in the previous month.