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Hungary: Industrial Production Declines Slightly
In August 2012, industrial gross output declined by 0.8% compared to the same month of 2011.
Hungary: Industrial Production Declines Slightly / Picture: © Vindobona.org
In addition to a drop in demand for communication equipment and consumer electronics, a slowdown in the rate of growth in the manufacture of transport equipment played the main role in this small decrease.
The index adjusted by working days increased by 1.4%. Year-on-year, output fell by 0.4% in the first eight months of this year. The volume of industrial…
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