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Hungary's industrial production up 0.9 pct in 2016

Xinhua, February 7, 2017 Adjust font size:

The volume of industrial production was up by 0.9 percent in unadjusted figures in 2016 against 2015, figures from the Hungarian Central Statistical Office (KSH) showed on Tuesday.

Industrial production in 2015 was up by 7.4 percent year-on-year.

Looking at December 2016 only, the unadjusted manufacturing volume dropped by 0.5 percent year-on-year, but with calendar and seasonal adjustments it was up by 1.9 percent.

With December 2016 compared to November 2016, industrial production rose by 0.5 percent in calendar and seasonally-adjusted figures.

Hungarian News Agency quoted KSH deputy division chief Miklos Schindele as saying that vehicle output, Hungary's single largest manufacturing component, had been down, while production of computers and electronics, the second largest, had been up. All other areas were essentially unchanged, he said.

The biggest growth in a single month was in August, when output rose by 10.8 percent in unadjusted figures and the biggest drop was in March with minus 5.6 percent.

KSH said it would issue its second, detailed, estimate a week from now on Feb. 14. Endit