Hungary: Decrease in Industrial Production Continues

BusinessEconomy ♦ Published: November 16, 2012; 15:25 ♦ (Vindobona)

In September 2012, industrial gross output declined by 3.8% in volume compared to the same month of 2011.

Hungary: Decrease in Industrial Production Continues / Picture: © Vindobona.org

Among others the working day effect exerted an influence on how the industrial output changed: there were two fewer working days in September this year than last year.

The index adjusted by working days increased by 0.6%. Year-on-year, output fell by 0.8% in the first nine months of this year. The volume of industrial production in September – according to…