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Industrial Output Down 6.1 pc in 2020

MTI-Hungary Today 2021.02.12.

Industrial output in Hungary was down by an annual 6.1 percent in 2020, the Central Statistical Office (KSH) said on Friday, confirming its first reading of data.

Headline industrial output increased by 5.8 percent year-on-year in December, a rise that was supported by two additional workdays in the period. Adjusted for those extra workdays, industrial output rose by 1.1 percent.

In a month-on-month comparison, industrial output fell by a seasonally and workday-adjusted 2.4 percent.

Industrial sector sales rose by 4.9 percent year-on-year in December. Domestic sales decreased by 1.2 percent but export sales climbed 9.4 percent.

Featured photo by Tamás Vasvári/MTI