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Hungary: Sharp Decrease in Industrial Production
In November 2012, industrial gross output declined by 6.9% in volume compared to the same month of 2011.
Hungary: Sharp Decrease in Industrial Production / Picture: © Vindobona.org
In addition to the effect of the high base, this decrease mainly resulted from the heating demand, as well as from a further drop in demand for communication equipment and consumer electronics. It was slightly offset by an increase in output in the manufacture of transport equipment.
The index adjusted by working days was equal to the non-adjusted one.…
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