Industrial Production Falls 5.8% y.o.y. in September

Manufacturing

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In September, industrial production volume in Hungary dropped by 7.3% year-on-year according to raw data, and by 5.8% y.o.y. according to working-day-adjusted data published by the Central Statistical Office (KSH).

The output of the manufacture of transport equipment, having the largest weight, as well as that of electrical equipment increased, at the same time the volume of production dropped in the majority of the manufacturing subsections.

Among them, it declined in the manufacture of computer, electronic and optical products, as well as in that of food products, beverages, and tobacco products, KSH says.

In the first nine months of the year, industrial production was 4.9% lower than in the same period of 2022.

Industrial output in September – according to seasonally and working-day adjusted indices – was 1.2% above the level of the previous month.

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