Transport sector performance plunges in Q2 on pandemic impact

Transport

The performance of Hungaryʼs transport sector dropped in the double-digits in the second quarter from the same period a year earlier, suffering the impact of the coronavirus crisis, state news wire MTI reports, citing data compiled by the Central Statistical Office (KSH).

The performance of freight transport declined by 22% to 11.9 billion freight-kilometers. The performance of domestic freight transport fell 10% to 4 bln freight-kilometers, while the performance of international freight transport dropped 26% to 7.9 bln freight-kilometers.

Road transport accounted for 61% of total freight sector performance, rail transport for 22% and pipeline transport for 12pc. Waterway transport made up 4% of the total.

The performance of passenger transport dropped 70% to 2.4 bln passenger-kilometers, as the performance of domestic passenger transport fell 55% to 2.3 bln passenger-kilometers and the performance of international passenger transport plummeted 96% to 0.1 bln passenger-kilometers.

Buses accounted for 68% of passenger transport performance during the period and railways for 28%. The share of aircraft dropped under 5% from 30% in the same period a year earlier.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.