KSH: industrial production fell by 3.2 percent in October
The production of electrical equipment, which accounted for 12 percent of the manufacturing industry, was 9.0 percent higher than a year earlier. Among the two most significant sub-sectors, the volume of production of batteries and dry cells was 38 percent higher, and that of electric motors, power generators, distribution and control devices was 30 percent lower.
The production of computer, electronic and optical products, which accounts for 9 percent of manufacturing production, fell the most among the sub-sectors, by 17.8 percent compared to the same month of the previous year. Among the two largest subsectors, the production of electronic components and circuit boards fell by 4.9 percent, and the production of electronic consumer goods by 24 percent.
Production of food, beverages and tobacco products, which benefited from the processing industry by 13 percent, was 2.8 percent lower than a year earlier, domestic sales increased, exports decreased. Emissions increased in only three sub-sectors, the largest, by 30 percent, in the production of vegetable and animal oil. Meat processing, preservation, and production of meat products, representing the largest weight (22 percent), fell by 6.6 percent compared to the same month of the previous year. In the other seven sub-sectors, production decreased by between 0.9 and 24 percent, the least in fruit and vegetable processing and preservation, and the most in low-weight fish processing and preservation.
Related news
Declining company numbers, permanent half-million limit
In 2024, the number of partnerships is expected to decrease…
Read more >Mihály Varga: the central bank’s primary goal is to maintain price stability
The primary goal of the Hungarian National Bank (MNB) is…
Read more >Portfolio.hu: A wage explosion is taking place in Hungary that has hardly any precedent in the EU
According to a recent Eurostat survey, wages in Hungary increased…
Read more >Related news
Master Good, Nestlé Hungária, Tesco Hungary are this year’s winners
This year, Trade Magazine announced the Christmas TV Ads 2024…
Read more >This year’s CO-OP Star Silver Pine and Silver Star awards have been presented
As every year before Christmas, this December, the CO-OP Star…
Read more >Declining company numbers, permanent half-million limit
In 2024, the number of partnerships is expected to decrease…
Read more >