• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Hungary’s industrial output falls 30.7 pc in MayHungary’s industrial output falls 30.7 pc in MayHungary’s industrial output falls 30.7 pc in MayHungary’s industrial output falls 30.7 pc in May
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • This is how Hungary could be kicked out of the EU

  • BREAKING: Explosion at a family house, one policeman died in Hungary

  • Another airline to fly to Budapest for Christmas

Support us
Daily News Daily News · 14/07/2020
· Business

Hungary’s industrial output falls 30.7 pc in May

Daily News Hungary economy

Industrial output in May was 30.7 percent lower than a year earlier, after a 36.8 percent contraction in April, the Central Statistical Office (KSH) said on Tuesday in a second estimate.

Adjusted for working day effects, industrial output dropped by an annual 27.6 percent in May.

Output of Hungary’s automotive sector, an engine of industrial growth under normal circumstances, fell by 53.3 an annual percent in May,

slowing from a 79.5 percent decline in April. The automotive sector accounted for 21 percent of manufacturing sector output in May.

Output of the computer, electronics and optical equipment segment, which made up 13 percent of manufacturing sector output, dropped by 21.2 percent in May, close to the 20.8 percent decline in April.

Output of food, drink and tobacco companies, which also made up 13 percent of manufacturing, dropped by 12. percent in May,

declining at a faster rate than the 7.9 percent contraction in April.

In a month-on-month comparison, industrial output rose a seasonally- and workday-adjusted 15.6 percent in May.

For the period January-May, output fell by an annual 13.8 percent.

  • All shops in Hungary must offer cashless payments from January
  • Fidesz MEP: EC proposal for budget, recovery fund unacceptable for Hungary

Source: MTI

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
economy Hungary industrial statistics
Share

Hot news

  • Hungary, Moldova archives sign cooperation agreement

  • This is how Hungary could be kicked out of the EU

  • Minister: Hungary taking over rotating presidency of CEEPUS education scheme

  • Hungarian FM: UN should spend less on bureaucracy

  • Attention! Cheap travel to Hungary may disappear

  • 15 Hungarian universities among Europe’s top

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.

Thank you!

You have successfully joined our subscriber list.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Hungary, Moldova archives sign cooperation agreement

Hungary, Moldova archives sign cooperation agreement

Read More
This is how Hungary could be kicked out of the EU

This is how Hungary could be kicked out of the EU

Read More
Minister: Hungary taking over rotating presidency of CEEPUS education scheme

Minister: Hungary taking over rotating presidency of CEEPUS education scheme

Read More
Hungarian FM: UN should spend less on bureaucracy

Hungarian FM: UN should spend less on bureaucracy

Read More
Attention! Cheap travel to Hungary may disappear

Attention! Cheap travel to Hungary may disappear

Read More
15 Hungarian universities among Europe’s top

15 Hungarian universities among Europe’s top

Read More
BREAKING: Explosion at a family house, one policeman died in Hungary

BREAKING: Explosion at a family house, one policeman died in Hungary

Read More
Hungarian museum wins prestigious European award!

Hungarian museum wins prestigious European award!

Read More
OTP Bank files report linked to tax authority probe of Budapest mayor’s campaign financing

OTP Bank files report linked to tax authority probe of Budapest mayor’s campaign financing

Read More
Hungarian FM: ‘Terrorism, illegal migration form vicious circle’

Hungarian FM: ‘Terrorism, illegal migration form vicious circle’

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?