Industrial production down 36.8% y.o.y. in April

Food

In April 2020 the volume of industrial production fell by 36.8% year-on-year, according to data by the Central Statistical Office (KSH).

Based on working-day adjusted data, production declined by 36.6%.

Production was 9.2% lower in the first four months of the year than in the same period of 2019.

Industrial output in April, according to seasonally and working-day adjusted indices, was 30.5% below the level of the previous month.

The economic effects caused by the coronavirus epidemic were significant in this period, KSH notes.

The most significant drop was registered in the manufacture of transport equipment. The manufacture of computer, electronic and optical products, as well as the manufacture of food products, beverages and tobacco products declined to a lesser degree.

Output grew only in the manufacture of basic pharmaceutical products and pharmaceutical preparations, KSH says.

Scope Assigns MOL BBB- Issuer Rating Ratings

Scope Assigns MOL BBB- Issuer Rating

Budapest Residents to Weigh in on Rákosrendező Development P... Issues

Budapest Residents to Weigh in on Rákosrendező Development P...

AutoWallis Becomes Importer of Geely Group’s Commercial EV B... Automotive

AutoWallis Becomes Importer of Geely Group’s Commercial EV B...

These Are the Most Sleep-friendly Hotels in Hungary Hotels

These Are the Most Sleep-friendly Hotels in Hungary

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.