Hungary Industrial Production Down in January

Manufacturing

The volume of industrial production in Hungary declined in January 2023 by 0.2% year-on-year accoring to raw data and fell by 3.2% year-on-year according to working-day adjusted data, according to the Central Statistical Office (KSH).

Out of the subsections having the largest weight the manufacture of electrical equipment grew at the highest rate, but the manufacture of transport equipment and the manufacture of computer, electronic and optical products increased as well.

At the same time, the volume of production fell in the manufacture of food products, beverages, and tobacco products.

Industrial output in January – according to seasonally and working-day adjusted indices – was 5.1% below the level of the previous month, KSH notes.

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