Industrial production up 3.1% y.o.y. in April
Image by Pixabay
In April 2022, the volume of industrial production grew by 3.1% year-on-year in Hungary, according to a first reading of data published by the Central Statistical Office (KSH).
Based on working-day adjusted data production rose by 4.7%.
The majority of the manufacturing subsections contributed to the production growth, the manufacture of transport equipment, however, representing the largest weight, declined.
The other two significant weight carrying subsections, the manufacture of computer, electronic and optical products, as well as that of food products, beverages and tobacco products increased at a rate above the industrial average.
According to seasonally and working-day adjusted data industrial output was 1.6% lower than in March 2022.
In the first four months of the year, production was 4.9% higher than in the same period of 2021.
ADVERTISEMENT
MBH Bank Closes Acquisition of Duna Takarék Bank
Orbán Augurs Economic Rebound From Q3
Corvinus Uni, ExxonMobil Sign Cooperation Deal
Budapest Muni Council Clears Rác Baths Renovation
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.
