Hungary’s industrial production growth accelerated at a faster-than-expected pace in October, preliminary figures from the Hungarian Central Statistical Office showed Tuesday.
Industrial production surged a working-day-adjusted 12.7 percent year-over-year in October, much faster than the 7.8 percent climb in September. Economists had expected the growth to improve to 8.7 percent.
On an unadjusted basis, industrial production advanced 10.1 percent in October from a year ago.
Month-on-month, industrial production rose 1.7 percent in October, following a 3.0 percent gain in the preceding month. It was the second successive monthly increase.
During the first ten months of the year, total industrial output grew 7.1 percent compared with the corresponding period last year.
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