Hungary: Industrial production contracts again in July
September 6, 2016
According to preliminary data released by the Statistical Institute (KSH) on 6 September, industrial output in July shrank a working-day adjusted 0.1% over the same month last year, marking a softer drop than June’s 0.3% decrease.
On a monthly basis, industrial production fell a seasonally- and working-day adjusted 0.4% in July, which followed June’s more pronounced 2.4% decrease. The overall trend continued to point downward as annual average growth in industrial production edged down from 4.5% in June to 4.2% in July, marking the lowest reading in over two years.