Brutal drop in battery production in Hungary in May

According to recent data from the Hungarian Central Statistical Office (KSH), the volume of battery production, a key sector, fell by 32% in May compared to the same month last year.

Battery production falls brutally in Hungary

Overall industrial production was also worse than a year earlier. In May, it dropped by an annual 5.2% based on unadjusted data, and by 4.9% according to working-day adjusted data, the Central Statistical Office (KSH) confirmed in its second estimate on Friday.

Most manufacturing sub-sectors saw a decline, with the largest fall in electrical equipment. Output of the automotive industry, fell by 14.5% year on year. Seasonally and working day-adjusted data showed May industrial output down 1.1% compared with the previous month.

Electrical equipment production was 18.7% down on a year earlier, but the worst performer was battery production:

The volume of battery and dry cell production fell by 32%, and that of electric motor, generator, distributor and controller production by 12.0%.

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