ADVERTISEMENT

Industrial production down 2.1% y.o.y. in August

Figures

In August 2020, the volume of industrial production declined by 2.1% year-on-year, according to data published by the Central Statistical Office (KSH).

The degree of fall was 34.8 percentage points lesser than the nadir of April. Based on working-day adjusted data, production dropped by 0.2%.

The production decreased in the majority of the manufacturing subsections. However, the volume of production grew in the largest weight representing subsections: the manufacture of transport equipment rose to a greater extent, while the manufacture of computer, electronic and optical products, as well as the manufacture of food products, beverages and tobacco products, increased less.

In the first eight months of the year, production was 11% below the level registered in the same period of the previous year.

Industrial output in August – according to seasonally and working-day adjusted indices – was 6.8% higher than the level of the previous month, and it grew by 56% compared to April.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.