Hungary Dec industrial output down 13.7 pc yr/yr

Industrial output in Hungary was an annual 13.7 percent lower in December 2023, the Central Statistical Office (KSH) said on Tuesday, reporting its first estimate.

Based on working-day adjustments, it was 8.7 percent lower year on year, as there were two fewer working days compared with the same month in 2022.

Month on Month, output fell by 0.3 percent, according to seasonally and working day-adjusted data.

Hungary Dec retail sales down 1.0 pc yr/yr

Retail sales in Hungary fell by an annual 1.0 percent in December, the Central Statistical Office (KSH) said on Tuesday. Retail sales edged down by 0.2 percent when adjusted for calendar year effects.

Adjusted food sales rose by 1.3 percent, while non-food sales dropped by 3.0 percent. Vehicle fuel sales were 3.8 percent higher. Month on month, sales were 1.4 percent higher.

In absolute terms, retail sales came to 1,811 billion forints in December. Food sales accounted for 49 percent of the total, non-food sales for 37 percent and sales at petrol stations for 14 percent. In the full year, retail sales dropped by 7.9 percent.

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Source: MTI