Industrial output in Hungary dropped by 3.4 pc
Industrial output in Hungary dropped by an annual 3.4 percent in October, according to a second reading of data published by the Central Statistical Office (KSH) on Tuesday.
Output fell by 2.7 percent, based on data adjusted for the number of working days.
Month on month, it was 0.3 percent higher, according to seasonally and working day-adjusted data.
The car sector, Hungary’s biggest manufacturing component, saw a 29.8 percent fall in output on the back of the global chip shortage, while output of computers, electronics and optical equipment shrank by 10.7 percent.
Output of the food, drinks and tobacco segment, which made of 12 percent of manufacturing sector output, increased by 10.0 percent.
Headline industrial output fell by 3.4 percent in October, dropping for the second month in a row.
For the period January-October, output increased by an annual 10.8 percent.
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2 Comments
Great news!!!
Orbán has done it again, keep on the good work and corruption!!!
Hungary – the “Core” componetary – the pricipal indicators referred – in accessing the Economic & Financial position of a country – they ALL – looking at Hungary at present, are in a trend pattern that is Pressurized – in a downward Inclination.
This article adds ongoing confirmation – Hungary is in deepening troubled Economic & Financial – Troubled Serious Times.
Nothing – is Going to get Cheaper.