Industrial production drops 2.4% in March

Automotive

In March 2018, the volume of industrial output declined by 2.4% compared to last year’s high base. Based on working day-adjusted figures, however, production grew by 1.9%, according to a first estimate of monthly data by the Central Statistical Office (KSH).

The significant difference between the raw and adjusted figure is due to the fact that there were two fewer working days in March 2018 than in March 2017, the KSH noted.

In January-March this year, production was 2.5% higher compared to the corresponding three-month period of last year.

Industrial output in March – according to seasonally and working day-adjusted indices – was 0.7% below the level of the previous month.

A second, more detailed estimate of industrial output data for March 2018 will be published on May 14.

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.

Support the BBJ

Industry