2020.12.0408:10:00UTC+00Hungary Industrial Production Growth Highest In 9 Months

Hungary's industrial production rose to the highest in nine months in October, data from the Hungarian Central Statistical Office showed on Friday.

Industrial production grew a working-day adjusted 2.7 percent year-on-year in October, after a 1.0 percent decrease in September.

The latest growth in output was the highest since January, when it was 3.1 percent.

Industrial production volume increased 0.6 percent yearly in October.

A growth in production was observed in manufacture of transport equipment, manufacture of computer, electronic and optical products, while a decline was seen in the majority of manufacturing subsections, manufacture of food products, beverages and tobacco products, the agency said.

On a seasonally adjusted basis, industrial production rose 2.8 percent monthly in October, following a 2.3 percent gain in the prior month.