Hungary’s industrial production declined in March as estimated, due to the impact of [coronavirus][1], or COVID-19 pandemic, data from the Hungarian Central Statistical Office showed on Wednesday.
Industrial production dropped a working-day adjusted 10.0 percent year- on-year in March, after a 1.5 percent increase in February. This was in line with THE initial estimate.
The economic effects caused by the Covid-19 epidemic were already significant in this period, the agency said.
On a non-adjusted basis, industrial production decreased 5.6 percent annually in March, as estimated, after a 3.8 percent rise in the preceding month.
On a seasonally adjusted basis, industrial production fell 10.4 percent monthly in March, following a 0.1 percent decrease in the prior month, as initially estimated.
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