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7th December, 2017

Industrial output soars in October

The increase in industrial output was 7.6% year-on-year in October, the Central Statistics Office announced as it released the first of its estimates on Wednesday.

The 7.6% workday-adjusted figure increase is identical to the unadjusted annual growth rate.

Industrial production rose 1.2% between September to October.

Industrial production increased 5.4% in the first ten months.

The increase in industrial output in October was the second highest growth rate this year, analyst Peter Virovacz of ING bank commented.

Now it is clear that the slow down in industrial production that was seen in the summer was only temporary, analyst David Nemeth of K&H bank argued. (ksh.hu; napi.hu; portfolio.hu; hvg.hu; origo.hu; magyarhirlap.hu)

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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