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Hungary: industry significantly declining in December
Erste, new data 'huge negative surprise'
06 February, 20:12
(ANSA) - BELGRADE, FEBRUARY 6 - In December 2019 the volume
of industrial production in Hungary declined by 1.2%
year-on-year, the Hungarian Central Statistical Office (KSH)
said today. The based on working-day adjusted data, production
dropped by 3.7%.
"Production volume decreased in almost half of the manufacturing subsections," with a significant fall in particular "in the manufacture of transport equipment," the KSH noted.
"This morning's industrial output figures came as a huge negative surprise," Erste Groups Research said in a note commenting the data, adding that "the figures can be seen as rather negative, given the fact the recent PMI figures have not indicated any considerable slowdown." (ANSA).
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"Production volume decreased in almost half of the manufacturing subsections," with a significant fall in particular "in the manufacture of transport equipment," the KSH noted.
"This morning's industrial output figures came as a huge negative surprise," Erste Groups Research said in a note commenting the data, adding that "the figures can be seen as rather negative, given the fact the recent PMI figures have not indicated any considerable slowdown." (ANSA).
