FX.co ★ Hungary Industrial Production Growth Improves As Estimated

Hungary's industrial output growth accelerated as initially estimated in April, final figures from the Hungarian Central Statistical Office showed on Tuesday.

Industrial production increased a working-day adjusted 4.7 percent year-over-year in April, following a 4.2 percent rise in March. That was in line with flash data published on June 8.

Without adjustments, volume of industrial production rose at a slower pace of 3.1 percent annually in April, after a 3.6 percent gain in the prior month. The latest figures match flash data.

The majority of sub-sectors contributed positively to overall production in April, but the manufacture of transport equipment registered a sharp annual fall.

On a monthly basis, industrial production dropped a seasonally and working-day-adjusted 1.6 percent in April, faster than the 0.2 percent decrease in March. That was also in line with the previous estimate.