KSH: industrial production decreased by 5.3 percent in December 2024
The volume of industrial production in December 2024 was 5.3 percent lower than a year earlier, or 6.4 percent lower than a year earlier, adjusted for working days. Based on seasonally and working day adjusted data, industrial output was 1.8 percent lower than in November 2024. The volume of industrial production in 2024 was 4.0 percent lower than in 2023, the Central Statistical Office (KSH) announced on Thursday, based on its first estimate.
According to the statement, the volume of production in the largest manufacturing sub-sectors, vehicle manufacturing and electrical equipment, decreased, while the production of computers, electronics, optical products, and food, beverages and tobacco products increased.
Seasonally and working day adjusted industrial output decreased by 1.8 percent compared to the previous month.
Related news
KSH: in July, consumer prices exceeded the values of the same month of the previous year by an average of 4.3 percent, and those of June by 0.4 percent
In July, consumer prices were 4.3 percent higher on average…
Read more >KSH: retail turnover in June exceeded the same period of the previous year by 3.0 percent and the previous month by 0.5 percent
In June 2025, the volume of retail sales increased by…
Read more >Hungarian industry faced another blow
Industrial production fell by 4.9 percent year-on-year in June, and…
Read more >Related news
According to the GVH’s investigations, retail is not the culprit in price increases.
It is not the retail trade that is responsible for…
Read more >Nestlé remains the world’s most valuable food brand, according to Brand Finance
Nestlé has been the world’s most valuable food brand for…
Read more >Back to school: families plan with an average of 50-75 thousand forints
According to a recent survey by REGIO JÁTÉK, starting school…
Read more >