Hungary's industrial output is likely to increase at a slower pace in the future because of a high base and lower growth on export markets, György Barta, an analyst for CIB Bank, told MTI on Thursday.
Hungary's twelve-month industrial output rose an unadjusted 17.6% and a workday-adjusted 14.9% in August, accelerating from respective increases of 9.0% and 11.5% in July, the Central Statistical Office (KSH) said in a second reading on Thursday.
Output is expanding at the current rate in part because of a low base, Barta said, while acknowledging that month-on-month growth was a good sign. Exports were led by automotive industry sales, but these will probably slow as growth in the eurozone winds down, he added. (MTI-Econews)