Industrial output data shows a positive trend reversal, Deputy State Secretary for Priority Corporate Relations Zoltán Marczinkó said, commenting on the latest statistics released by the Hungarian Central Statistical Office (KSH).

According to the KSH report, in April 2016 the volume of industrial output grew by 5.3 percent year-on-year, following a year-on-year drop of 4.6 percent in March. The workday-adjusted index is on a par with the unadjusted one.

Zoltán Marczinkó stressed that 5.3 percent growth was favourable, as output had declined in each prior month this year.

However, output has gained 24 percent since 2010 and some 10 percent since January 2014, he added.

Multinational companies active in Hungary have announced several development projects, and this certainly points in the right direction, he stated.

(Ministry for National Economy)