Hungary's industrial output rose at surprisingly fast clip in November, and growth could pick up in December, analysts told MTI on Friday.
Hungary's twelve-month industrial output rose 14.5% in November, according to both unadjusted and workday-adjusted figures, the Central Statistics Office (KSH) said in a second reading on Friday.
Zoltán Török of Raiffeisen Bank said output continued to be driven by exports.
Exports climbed 20.7% in November while domestic sales dropped 4.9%.
If the recovery on Hungary's export markets is sustained, industrial output could continue to grow at a fast clip, Török said. He put full-year output for 2010 at 11%.
Gergely Suppán of TakarékBank said the 35% jump in new orders in November suggest the growth rate could climb over 20% in December. (MTI Econews)