Hungary industrial output falls 1.4% in January
Output of Hungary's industrial sector fell an unadjusted 1.4% year-on-year in January, a first reading of data published by the Central Statistics Office (KSH) on Thursday shows. The decline slowed from a 7.6% drop in December. The workday-adjusted decline was level with the unadjusted figure in January. In a seasonally- and workday-adjusted month-on-month comparison, output rose 2.9% in January after falling 1.6% in December. KSH will publish a second reading of the data on March 14. TakarékBank analyst Gergely Suppan attributed the slowdown of the sector's decline in January in large part to the re-launch of a second shift at Japanese carmaker Suzuki's plant in Hungary. Capacities coming online at the local plants of German peers Audi and Daimler could lift industrial output by 3.5% this year, he added.
ADVERTISEMENT
Number of Liquidations Increasing Rapidly
Orbán's Salary Increased to HUF 4.178 mln
Hungary Tops out HUF 300bn Munitions Complex
Around 2,800 Events Take Place in European Capital of Cultur...
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.
