Plummet continues: Hungary’s industrial output down again
Hungarian industrial output in November fell by an annual 5.8 percent, while working day-adjusted output was 5.6 percent lower, the Central Statistical Office (KSH) said in a second estimate on Friday.
Based on seasonally and working day-adjusted data, industrial output was 2.3 percent lower than in October 2023. In the January-November period, output dropped by 4.8pc year on year.
Output of the automotive industry, Hungary’s biggest manufacturing sector, slipped by an annual 1.7 percent in November.
The detailed data show output of the electrical equipment segment, which made up 11 percent of manufacturing output, dropped by 12.2 percent.
Read also:
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Will Wizz Air fly to US, Canada destinations in 2025? – the President answered
European employer organization to hold summit in Budapest
Important: Summer store hours change in Hungary, especially around Lake Balaton
FM Szijjártó happy: Paks NPP’s Russian upgrade to be speeded up
New BKK vending machines will operate in Budapest!
New government decision: shopping changes in Hungary from 1 July!