CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Industrial Production Falls Most Since June 2020

HUNGARY
  • Hungary’s industrial production fell 8.7% y/y (Est: -7.8%) in December versus a revised -5.3% in November, according to the Central Statistical Office. That is the lowest recording since the pandemic in July 2020. Month-on-month, industrial production fell 0.3% compared to -2.2% m/m in November.
  • Meanwhile, retail sales fell 0.2% y/y after falling a much deeper 5.4% y/y in November. Adjusted food sales rose 1.3% y/y, non-food sales dropped 3.0% and vehicle fuel sales were up 3.8%.
  • Hungary plans to channel HUF 450bln to micro-, small- and medium-sized companies from the second quarter to boost economic growth to around 4% in 2024, the ministry said in an emailed statement seen by Bloomberg.
  • Looking ahead, CPI data on Friday is the key risk event in Hungary. As per the median estimate of the Bloomberg survey of analysts, the headline figure likely fell from +5.5% y/y in December to +4.3% in January.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.