Industrial production decreased by 36.8% in Hungary

In April 2020 the volume of industrial production declined by 36.8% year-on-year in Hungary, as KSH data shows.

Based on working-day adjusted data, production fell by 36.6%.

The economic effects caused by the coronavirus epidemic were significant in this period.

The manufacture of transport equipment fell outstandingly, to one-fifth, due to the temporary total or partial production stoppage.

The manufacture of food products, beverages and tobacco products declined to a lesser degree, while the manufacture basic pharmaceutical products and pharmaceutical preparations grew almost by one-fifth.

The volume of industrial export dropped by 43% year-on-year. Transport equipment export, representing a 15% weight within export sales in manufacturing fell outstandingly, by 77%, while the export in manufacture of computer, electronic and optical products accounting for a 19% weight declined by 23%.

Industrial domestic sales decreased by 18.6%, within it domestic sales in manufacturing were 25% lower compared to the same month of the previous year.

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