FX.co ★ Hungary's Industrial Output Improves in January 2024 Despite Year-Over-Year Decline

Hungary's industrial sector showed signs of improvement in January 2024, as the current industrial output indicator reached -3.6%, a significant increase from the previous month's figure of -13.7% in December 2023. The data, which was updated on March 6, 2024, indicates a positive turnaround in the country's industrial production despite still facing a year-over-year decline.

The comparison of industrial output for January 2024 to the same month a year ago reveals the challenges the sector has been facing. However, the month-on-month improvement from December to January suggests a positive trend in Hungary's industrial output. Analysts will be closely monitoring future data to assess the sustainability of this improvement and its potential impact on the country's overall economic performance.