Hungary: Industrial output growth at over one-year high in MarchChristian Fernsby ▼ |
Europe On the other hand, the energy sector contracted at a sharper rate
Industrial output increased a working-day-adjusted 8.0% year-on-year in March and marking the strongest result since October 2017.
On the other hand, the energy sector contracted at a sharper rate.
Within the all-important manufacturing sector, the manufacture of transport equipment, motor vehicles, and electrical equipment registered the fastest increases.
In month-on-month, seasonally- and working-day-adjusted terms, industrial production growth came in at 1.0%, matching February’s print.
Lastly, annual average growth in industrial production rose to 4.4% from 3.9% in February.
FocusEconomics Consensus Forecast panelists expect industrial production to grow 4.1% in 2019, which is down 0.1 percentage points from last month’s projection.
For 2020, the panel expects industrial output to grow 4.0%. ■
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