2021.03.0508:02:00UTC+00Hungary Industrial Production Drops In January

Hungary's industrial production declined for the first time in four months in January, data from the Hungarian Central Statistical Office showed on Friday.

Industrial production declined a working-day adjusted 2.8 percent year-on-year in January, after a 1.0 percent increase in December.

The industrial production volume decreased 6.7 percent yearly in January, after a 5.8 percent growth in the previous month. Economists had forecast a 4.0 percent fall.

A decline in production was observed in manufacture of transport equipment and food products, beverages and tobacco, while a growth was seen in manufacture of computer, electronic and optical products, the agency said.

On a seasonally adjusted basis, industrial production rose 0.2 percent monthly in January, after a 2.7 percent decline in the prior month.