"Another slice of good economic data from Budapest, following surprisingly strong GDP figures and improvements in the fiscal position.
On Friday, the statistical office announced that industrial output in April jumped 5.3 per cent year-on-year, and climbed 1.2 per cent on a monthly basis.
Although the working-day adjusted figure was a significantly more modest 2.7 per cent on an annualised basis, the industrial data plus the latest trade balance figures, which showed an April surplus of €700m, of €2.4bn in the first four months, were both “markedly better” than expected, according to Zoltan Torok, economist with Raiffeisen Bank in Budapest."
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