Hungarian industrial production decreased by 30.7%

Latest KSH date show that in May 2020 the volume of industrial production lagged behind the high base of the previous year by 30.7%. Based on working-day adjusted data, production declined by 27.6%.

The production volume decreased in every manufacturing subsection. An outstanding fall was observed in the largest weight representing manufacture of transport equipment, while the manufacture of computer, electronic and optical products, as well as the manufacture of food products, beverages and tobacco products declined to a lesser degree.

In the first five months of the year production was 13.8% lower than in the same period of the previous year.

Industrial output in May – according to seasonally and working-day adjusted indices – was 15.6% above the level of the previous month.