Industrial production up 1.6% year-on-year in November
Image by Pixabay
Based on working-day adjusted data, the volume of industrial production rose by 1.6% year-on-year in November 2020, the Central Statistical Office (KSH) reports.
According to crude data, industrial production grew by 3.5% year-on-year. Compared to October 2020, the production volume fell by 1.2% according to seasonally and working-day adjusted data. Industrial output in November was 63% higher compared to the nadir of April.
The manufacture of transport equipment, having the largest weight, as well as the manufacture of computer, electronic and optical products increased, at the same time the production volume dropped in the majority of the manufacturing subsections, among them it declined in the manufacture of food products, beverages and tobacco products, too.
In the first eleven months of the year production was 7% lower than in the same period of 2019.
ADVERTISEMENT
MNB Monetary Council Leaves Base Rate on Hold
Hungarian Lawmakers Ratify Finland's NATO Accession
Visa Launches She’s Next Grant Program in Hungary
HIPA Awards 'Investors of the Year'
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.
