FX.co ★ Hungary Industrial Production Rises In April

Hungary's industrial production growth improved in April after easing in the previous month, data from the Hungarian Central Statistical Office showed on Wednesday.

Industrial production increased a working-day adjusted 4.7 percent annually in April, following a 4.2 percent rise in March. In February, output grew 4.8 percent.

The industrial production volume increased an unadjusted 3.1 percent yearly in April, after a 3.6 percent gain in the previous month. Economists had expected a 5.3 percent gain.

The majority of the manufacturing subsections contributed to the growth in March, while the manufacture of transport equipment declined.

On a monthly basis, industrial production fell a seasonally and working-day adjusted 1.6 percent in April, following a 0.2 percent decline in the preceding month.