Hungary’s industrial output down 3% in April
The volume of industrial output in Hungary dropped by 3% in April, compared to the same month a year earlier, while based on working day-adjusted data, production grew by 2.5%, according to a first release of data put out today by the Central Statistical Office (KSH).
(Source KSH)
The KSH noted that the significant difference between raw and working day-adjusted data is due to the fact that there were three fewer working days this April than a year earlier.
The volume of industrial production in April was below the level of the previous month by 0.8%, according to seasonally and working day-adjusted indices.
In the January-April period, production was up by 4.9%, compared to the corresponding four months a year earlier.
The KSH will publish its second estimate of April data on June 14.
ADVERTISEMENT
Gov't Extends Deposit Rate Cap Till End-June
Parliament Negates Mandatory Membership in MOK
MNB Grants License to Local iBanFirst Fintech Branch
Meet the Expat CEO of the Year Nominees
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.
