Hungary’s industrial production growth eased at a faster-than-expected pace in November, preliminary figures from the Hungarian Central Statistical Office showed Monday.
The volume of industrial production climbed a working-day-adjusted 3.4 percent year-over-year in November, well below the 7.6 percent spike in October.
Economists had expected the growth to slow to 7.3 percent. The measure has been rising since November last year.
On a monthly basis, industrial production dropped 2.1 percent from October, when it rebounded by 1.1 percent.
Another report from the statistical office revealed that retail sales growth improved slightly to 6.4 percent in November from 6.3 percent in October. Meanwhile, the growth was forecast to slow to 5.5 percent.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
