Hungary's industrial output rises 3.5%y/y in Nov 2011, beats expectations.

By bne IntelliNews January 9, 2012
Hungary's industrial output increased by 3.5% y/y in November 2011, accelerating from a 3% y/y growth in the previous month and beating analysts expectations, preliminary data of the statistics office showed. The workday adjusted index was up by 3.5% y/y, too. Seasonally-adjusted output grew 4.2% m/m in November, following a decrease of 0.8% in October. In accumulated terms, industrial production climbed by 5.6% y/y in January to November 2011. Revised figures and detailed information on the industrial output will be published on January 13, 2012.

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