KSH: industrial production increased by 1.8 percent in February, the largest increase in the production of food, beverages and tobacco products
In February 2024, the volume of industrial production exceeded the previous year by 1.8 percent. Adjusted for the working day effect, production rose by 1.4 percent, the Central Statistics Office (KSH) confirmed in its second estimate released on Friday.
Production increased in the majority of manufacturing industries, with the largest increase in the production of food, beverages and tobacco products.
Based on seasonally and working day-adjusted data, industrial output was 3.5 percent higher than in January 2024.
The volume of industrial exports was 1.4 percent higher than a year earlier. Exports of vehicle production, representing 34 percent of manufacturing export sales, increased by 2.3 percent, while electrical equipment production, which accounted for 14 percent, fell by 8.8 percent.
The domestic sales of industry decreased by 2.6 percent, while that of the manufacturing industry increased by 0.9 percent compared to the same month of the previous year.
The production of the manufacturing industry, which represents a decisive weight within the industry (97 percent), increased by 1.8 percent, the output of the minor mining industry increased by 15.3 percent, and the energy industry (electricity, gas, steam supply, air conditioning) decreased by 7.6 percent.
Related news
Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >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 >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 >