Financial News: Hungary Industrial Output Declines Further, Retail Sales E

Hungary Industrial Output Declines Further, Retail Sales Expand Strongly

03/06/2025 - 05:36:00 (RTTNews)

(RTTNews) - Hungary's industrial production continued its declining trend in January, preliminary figures from the Hungarian Central Statistical Office showed on Thursday.

Separate official data showed that retail sales grew at the fastest pace in ten months.

The volume of industrial production dropped a working-day-adjusted 3.9 percent yearly in January, much slower than the 7.9 percent fall a month ago.

Production volume decreased in the majority of the manufacturing subsections in January, while the manufacture of computers, electronics, and optical products increased, the agency said.

On a monthly basis, industrial production recovered 0.8 percent, following a 2.9 percent decline in the previous month.

On an adjusted basis, industrial production also fell the same 3.9 percent in January compared to last year.

Retail sales rose 4.7 percent year-over-year in January versus a flat change in the prior month. Additionally, this was the quickest expansion since March 2024, when sales had risen 6.1 percent.

Sales volumes increased by 4.7 percent in specialized and non-specialized food shops and by 5.6 percent in non-food retailing.

Sales via mail order and the internet, which account for 8.8 percent of total retail sales, increased 3.9 percent from last year.

On a monthly basis, retail sales climbed 2.2 percent on a seasonally and working-day-adjusted basis.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Moldova GDP Falls Further In Q4 (02 hr(s), 55 min(s), 13 sec(s) ago)
(RTTNews) - The Moldovan economy shrunk for a second straight quarter in the final three months of ...Full Story»

Croatia Prices Rise More Than Expected In February (03 hr(s), 15 min(s), 13 sec(s) ago)
(RTTNews) - Consumer prices in Croatia rose more than initially expected in February, but the rate ...Full Story»

U.S. Business Inventories Rise In Line With Estimates In January (03 hr(s), 59 min(s), 13 sec(s) ago)
(RTTNews) - Business inventories in the U.S. increased in line with economist estimates in the mon ...Full Story»

U.S. Homebuilder Confidence Slumps To Seven-Month Low In March (04 hr(s), 34 min(s), 13 sec(s) ago)
(RTTNews) - A report released by the National Association of Home Builders on Monday showed a cont ...Full Story»

New York Manufacturing Activity Drops Significantly In March (04 hr(s), 50 min(s), 13 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of New York released a report on Monday showing regional manu ...Full Story»

U.S. Retail Sales Rebound In February But Much Less Than Expected (04 hr(s), 53 min(s), 13 sec(s) ago)
(RTTNews) - After reporting a notable decrease by U.S. retail sales in the previous month, the Com ...Full Story»

Bulgaria Inflation Rises To 4.0%, Highest In 14 Months (05 hr(s), 57 min(s), 13 sec(s) ago)
(RTTNews) - Bulgaria's consumer price inflation accelerated further in February to the highest ...Full Story»

New York Manufacturing Index Plunges Much More Than Expected In March (06 hr(s), 24 min(s), 13 sec(s) ago)
(RTTNews) - The Federal Reserve Bank of New York released a report on Monday showing regional manu ...Full Story»