Hungary: Industrial Production Shrinks Considerably

BusinessEconomy ♦ Published: February 14, 2013; 13:40 ♦ (Vindobona)

In December 2012, industrial output was 7.6% lower than a year ago.

Hungary: Industrial Production Shrinks Considerably / Picture: © Vindobona.org

This decrease mainly resulted from a further drop in demand for communication equipment and consumer electronics, as well as from a decrease in output in the manufacture of transport equipment.

The index adjusted by working days dropped by 3.4% year-on-year in December. The volume of industrial production in December – according to seasonally and working-day…