05.05.201703:24:00UTC+00Hungary Industrial Production Growth Accelerates Unexpectedly

Hungary's industrial production growth improved unexpectedly in March, preliminary data from the Hungarian Central Statistical Office showed Friday.

Industrial production expanded a working-day-adjusted 9.4 percent year-over-year in March, faster than the 7.1 percent rise in February. Meanwhile, economists had expected the growth to ease to 6.0 percent.

It was the fifth month of increase in a row.

Without adjustment, the volume of industrial production grew 12.8 percent in March from a year ago.

Month-on-month, industrial production rose a seasonally and working-day-adjusted 0.4 percent in March, but much slower than the 3.1 percent gain in the prior month.