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Financial News: Hungary Industrial Production Drops In December

Hungary Industrial Production Drops In December

02/06/2020 - 06:29:00 (RTTNews)

(RTTNews) - Hungary's industrial production declined for the first time in a year in December, data from the Hungarian Central Statistical Office reported on Wednesday.

Industrial production dropped a working-day adjusted 3.7 percent year-on-year in December, after a 5.3 percent increase in November.

On a non-adjusted basis, industrial production fell 1.2 percent annually in December, after a 3.4 percent rise in the preceding month.

On a seasonally adjusted basis, industrial production fell 3.8 percent in December, following a 1.4 percent decrease in the prior month.

In 2019, industrial production rose 5.4 percent compared to 2018.

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