Manufacturing output accelerated 32.4% yearly in May and mining and quarrying output rose 5.5%. Additionally, electricity output and water supply gained by 14.0% and 17.4%, respectively.
On a monthly basis, industrial output fell 0.8% in May. On a seasonally adjusted basis, industrial output increased 29.7% in May. In a separate statement GUS said that producer prices went up by 6.5% annually in May, following a 5.5% increase in April.
On a month-on-month basis, producer prices rose 0.8% in May, after a 0.7% gain in the prior month.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
