ADVERTISEMENT

Industrial production up 3.6% y.o.y. in December

Manufacturing

In December 2021, the volume of industrial production grew by 5.8% year-on-year based on raw data and by 3.6% based on working-day data, according to data released by the Central Statistical Office (KSH).

Out of the manufacturing subsections production decreased only in the largest weight representing one: the manufacture of transport equipment compared to December 2020. The decline was mainly caused by the fact that due to the global semiconductor shortage factories were working at lower capacity or on a one-shift basis.

The manufacture of computer, electronic and optical products and the manufacture of food products, beverages and tobacco grew considerably.

Industrial output in December – according to seasonally and working-day adjusted indices – was 0.1% below the level of the previous month.

In 2021, the volume of production was 9.6% higher compared to 2020.

ADVERTISEMENT

Bulgaria's household spending rise outpaces income growth in... Analysis

Bulgaria's household spending rise outpaces income growth in...

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Hungary Grande Partenza 'exceeded all expectations' - gov't ... City

Hungary Grande Partenza 'exceeded all expectations' - gov't ...

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.