Industrial output was up an unadjusted 13.4% in January from the same month a year earlier, the Central Statistical Office (KSH) said. The figure was slightly under the 13.6% increase in the first reading published on March 8.
Erste Bank‘s Zoltán Árokszállási said the headline figure still showed robust growth, in spite of the downward revision. The data show exports remain the engine of growth as domestic demand remains weak, he added.
He put full-year industrial output growth around 7%.
Gergely Suppan of TakarékBank said the increase in industrial output would probably slow a bit from May, and the trend would depend on the effects of higher oil prices and the earthquake in Japan. He put full-year growth around 10%.
The continued rise of orders was a promising sign, Suppan noted.
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