Hungary: Negative Development in Industrial Sector

BusinessEconomy ♦ Published: January 8, 2013; 10:43 ♦ (Vindobona)

In November 2012 – according to preliminary data – industrial gross output declined by 6.9% compared to the same month of 2011.

Hungary: Negative Development in Industrial Sector / Picture: © Vindobona.org

The index adjusted by working days was equal to the non-adjusted one. Year-on-year, output fell by 1.5% in the first eleven months of this year. The volume of industrial production in November – according to seasonally and working-day adjusted indices – was below the level of the previous month by 0.1%.