KSH: Industrial production dips as auto production slows

Automotive

pixabay

Hungary’s industrial production dropped 4.6% in March as compared to the same month a year earlier, chiefly due to a 6.7% fall in the output of the automotive sector in the country, Hungary’s Central Statistical Office (KSH) said today in a second estimate of data.

According to the working-day adjusted index, the volume of production declined by 2.4% compared to the same month a year earlier, KSH data show. The volume of industrial production – according to seasonally and working-day adjusted indices – was below the level of the previous month by 1.1%, KSH added. 

The volume of industrial export sales decreased by 4.8% compared to the same period of the previous year, while industrial domestic sales declined 4.7%, KSH said.

According to KSH, production declined in each of the three sectors of industry: by 4.4% in manufacturing representing a decisive weight (94%), 0.2% in energy (electricity, gas, steam and air-conditioning supply) and 40% in mining and quarrying, which had little weight.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

19,000 young jobseekers hired in expanded subsidy program Government

19,000 young jobseekers hired in expanded subsidy program

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.