KSH: The production of food, beverages and tobacco products, which received 14 percent from the processing industry, was 10.4 percent lower than a year earlier
In December 2023, the volume of industrial production was 13.7 percent lower than a year earlier. Adjusted for the working day effect, production fell by 8.7 percent, the Central Statistical Office (KSH) confirmed in its second estimate released on Tuesday.
The significant difference compared to the raw data is caused by the fact that there were two fewer working days this month than in December 2022, they added.
Production fell in the vast majority of the manufacturing sub-sectors, while the output of only three sub-sectors increased.
Based on seasonally and working day-adjusted data, industrial output was 0.3 percent lower than in November 2023.
In 2023, the volume of industrial production was 5.5 percent lower than in 2022.
Last December, the volume of industrial exports was 12.0 percent lower than a year earlier. Exports of vehicle production, representing 33 percent of manufacturing export sales, decreased by 11.3 percent, and electrical equipment production, which accounted for 13 percent, decreased by 13.9 percent.
Related news
The producer price of apricots decreased by 27 percent
According to KSH data, the apricot crop in Hungary ranged…
Read more >MVI’s statistical situation report on catering is now available
Every year, the Magyar Vendéglátók Ipartestülete (MVI) publishes its statistical…
Read more >There was a county where the number of advertised jobs increased by a fifth, while elsewhere the number of advertised jobs decreased by the same amount – Profession.hu quarterly report
With the exception of two counties, the number of applications…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >