Gergely Fábián: peace is needed to restore the performance of industry

The NGM announced that, based on calendar-adjusted data from the Central Statistical Office, the volume of industrial production decreased by 3.7 percent in June 2024 compared to the same period of the previous year, while a 0.5 percent increase compared to the previous month can be observed.

State Secretary Gergely Fábián, responsible for industrial policy and technology, analyzed the industrial data and highlighted according to the announcement: the fundamentals of the Hungarian economy are stable and strong, this is reflected by the dynamic growth of real wages for 9 months and retail turnover for 6 months, as well as the fact that tourism in the first half of the year It increased by 8 percent compared to last year’s record year.

However, the recovery of industry’s performance continues to be delayed by European foreign markets, especially our most important foreign market, the German economy.