Posted by: Jouwert Dijkstra Posted on: Friday 12 February 2010, 09:52

From The Economist Intelligence Unit

Hungary's industrial output dropped by 5.7% month on month in December, the sharpest monthly decline in a year, according to seasonally and workday-adjusted data. Yet the year-on-year comparison was more flattering (owing to sharp declines in industrial production a year earlier as the global economic downturn deepened) with output rising by 1% over December 2008, the first annual increase since September 2008. Data adjusted for working days showed that output still declined in year-on-year terms, albeit by a lesser 1.4% compared with the 8.9% contraction of November.

Source and more info: EIU