Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
The volume of industrial production was 5.4% lower than a year earlier, unchanged from the preliminary estimate, KSH says. On a seasonally and working-day adjusted basis, output fell 2% compared with October. The working-day adjusted index was identical to the unadjusted figure.
Production declined in the vast majority of manufacturing branches, which account for the overwhelming share of industrial activity.
Export-oriented output also weakened. Industrial export volumes fell 5.5% year on year. Within manufacturing exports, transport equipment — representing 28% of total manufacturing export sales — declined by 9.4%. By contrast, exports of computer, electronic and optical products, which account for an 18% share, rose by 16.6%.
Domestic demand remained particularly subdued. Industrial domestic sales dropped 8.0% compared with November 2024, while domestic sales of manufacturing fell 6.6%.
By subsector, manufacturing output — which represents 94% of total industrial production — declined by 5.7%. Output in mining and quarrying, a small-weight sector, plunged 11.8%, while production in the energy industry, including electricity, gas, steam and air-conditioning supply, fell 2.1%.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
