Industrial production volume up 0.6% year-on-year
Image by Pixabay
In October 2020 the volume of industrial production grew by 0.6% year-on-year according to crude data, according to data published by the Central Statistical Office (KSH).
Image by Pixabay
Based on working-day adjusted data production increased by 2.7% year-on-year. The growth was 2.8% compared to September 2020 month according to seasonally and working-day adjusted data.
The volume of production grew in the largest weight representing subsections: the manufacture of transport equipment, as well as the manufacture of computer, electronic and optical products. On the other hand, the volume fell in the manufacture of food products, beverages, and tobacco products
In the first 10 months of 2020, production volume was 8.2% below the level registered in January-October 2019.
Industrial output in October 2020 – according to seasonally and working-day adjusted indices – was 66% higher compared to the April 2020 nadir.
ADVERTISEMENT
Hungary PMI Edges up to 47.4 in September
Ukraine Suspends OTP Status on 'Sponsors of War' List
Karikó and Weissman Receive 2023 Nobel Prize in Medicine
Pálinka Added to EU-Japan Geographical Indication Deal
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.
