KSH: Industrial production down by 5.7% in August
The volume of industrial production in August – according to seasonally and working-day adjusted indices – was below the level of the previous month by 5.7%, after an adjusted 1.6% monthly rise in July., preliminary data released by Central Statistics Office (KSH) revealed today.
Industrial gross output rose by 0.5% year-on-year in August The workday-adjusted index grew by 2.9%, while the output increased by 8.7% y.o.y. in the first eight months of 2014.
The monthly fall was the second one this year following a 0.7% drop in May.
KSH is scheduled to publish detailed figures for August on October 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.