It was the 21st consecutive month of contraction in industrial activity, although the softest decline among the sequence, as output fell at softer pace for manufacturing (-1.4% vs -5.8% in April).
On the other hand, output tumbled for mining & quarrying (-0.7% vs 3.6%), while slowed for electricity, gas, steam & air conditioning supply (2.1% vs 10.1%).
On a seasonally adjusted monthly basis, industrial production rose 3.9% in May, rebounding from a 1.5% fall in the prior month.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
