Hungarian Parliament building

Hungary Industry August 2020

Hungary: Decline in industrial output softens considerably in August

Industrial output decreased 0.2% year-on-year in August (July: -7.7% yoy), according to a preliminary estimate.

On a monthly basis, industrial output jumped 6.8% in seasonally-adjusted terms in August, below July’s 7.2% expansion. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 6.0% in August, down from July’s minus 5.7% reading.

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