Industrial production decreased by 7.8% in Hungary, in June 2020

Cristian Hatis 1 Min Read

In June 2020 the volume of industrial production declined by 7.8% year-on-year. Based on working-day adjusted data, production dropped by 12.2%. The economic effects caused by the coronavirus epidemic were still perceptible in this period.

The production volume decreased in the majority of the manufacturing subsections. A significant 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 slightly grew.

In the first six months of the year production was 12.8% lower than in the same period of the previous year.

Industrial output in June – according to seasonally and working-day adjusted indices – was 17.1% above the level of the previous month.

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