Hungary’s industrial production declined for the fifth straight month in July, albeit at a slower pace, data from the Hungarian Central Statistical Office showed on Friday.
Industrial production declined a working-day adjusted 7.7 percent year- on-year in July, following a 12.2 percent decrease in June.
The effects of the economic processes caused by the [coronavirus][1] epidemic were still perceptible in this period, the agency said.
On a non-adjusted basis, industrial production decreased 8.1 percent annually in July, following a 7.8 percent fall in the preceding month.
A significant fall was observed in the manufacture of transport equipment, while the manufacture of computer, electronic and optical products grew. The manufacture of food products, beverages and tobacco products declined slightly, the agency said.
On a seasonally adjusted basis, industrial production rose 7.2 percent monthly in July, after a 17.2 percent growth in the prior month.
For comments and feedback contact: editorial@rttnews.com
[Economic News][2]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][3] to check out our [Econ Scorecard][3] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][3], [unemployment rate][4], [inflation][5] and much more.
- www.rttnews.com/list/coronavirus.aspx
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx