Industrial production grew 4.8% year-on-year in May, following a 4% increase in the previous month.
Manufacturing output increased 2.2% annually in May, after a 4% rise in the prior month.
Production in mining surged 25.5% and electricity production grew 34.2%. Data showed that export sales of manufacturing production rose 31% annually in May and domestic sales grew 27.2%.
On a seasonally adjusted basis, industrial production declined 0.3 monthly in May, after a 0.8% growth in the previous month. Manufacturing output fell 2.2%.
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.
