The production of food, beverages and tobacco products decreased by 4.8 percent in December 2022
In December 2022, the volume of industrial production exceeded the previous year by 2.0 percent. Adjusted for the working day effect, production rose by 5.7 percent. The significant difference compared to the raw data is caused by the fact that there were two fewer working days in December 2022 than in December 2021 – the Central Statistics Office (KSH) confirmed on Monday based on its second estimate.
The volume of production decreased in most of the manufacturing sub-sectors, but among those in which it increased, the production of electrical equipment expanded the most. Based on seasonally and working day-adjusted data, industrial output was 3.8 percent higher than in November 2022.
The volume of industrial exports was 3.9 percent higher than a year earlier. Exports of vehicle production, representing 33 percent of manufacturing export sales, increased by 34 percent, while the production of computer, electronic, and optical products, which accounted for 13 percent, decreased by 1.2 percent.
The domestic sales of industry fell by 13.8 percent, and that of the manufacturing industry by 15.5 percent compared to the same month of the previous year.
The production of the manufacturing industry, which represents a decisive weight within the industry (95 percent), increased by 2.4 percent, that of the minor mining industry by 16.3 percent, while the output of the energy industry (electricity, gas, steam supply, air conditioning) decreased by 7.8 percent.
Related news
KSH: Gross average earnings were HUF 605,400 in February 2024, 14.0 percent higher than a year earlier
In February 2024, the gross average earnings of those employed…
Read more >The volume of beef imports increased by 24 percent
Based on KSH data, Hungary’s live cattle exports increased by…
Read more >The processing sales price of Trappist cheese has decreased
The producer price of raw milk, expressed in national currency,…
Read more >Related news
In 2023, SPAR realized a turnover of over HUF 1 billion
SPAR Hungary achieved a turnover of HUF 1,023.2 billion in…
Read more >KSH: Gross average earnings were HUF 605,400 in February 2024, 14.0 percent higher than a year earlier
In February 2024, the gross average earnings of those employed…
Read more >Primark’s first domestic store will open in a month
Primark will open its doors at 10 a.m. on May…
Read more >