ADVERTISEMENT

Hungary industrial output drops 0.5% in January

Automotive

Hungary's industrial output was down 0.5% yr/yr in January according to unadjusted figures and sank 2.7% according to workday-adjusted figures, the Central Statistics Office (KSH) said in a first reading on Wednesday.

Output rose 2.1% m/m according to seasonally and workday-adjusted figures. It was the 7th monthly growth in the last 13 months. In December, it dropped a sharp 7.3% after rising 3.5% in November.

Previously, in December last year, industrial output rose % 2.1 yr/yr unadjusted and 6.9% workday-adjusted after growing 3.5% and 3.3% respectively in November as export growth slowed and domestic sales dropped more than a month earlier.

After last June, January yr/yr drop was the second within the last 13 months.

Industrial output rose 5.4% last year, around half the pace of 10.6% in 2010, after a 17.8% contraction in 2009. Total sales grew 1,5% last year after a plus of 6.6% in 2010 and a drop of 15.7% in 2009.

KSH will publish a second reading of January figures on March 14.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.