12.08.202010:20:00UTC+00Hungary Industrial Production Falls As Estimated

Hungary's industrial production declined for the fourth consecutive month in June, as initially estimated, final data from the Hungarian Central Statistical Office showed on Wednesday.

Industrial production declined a working-day adjusted 12.2 percent year-on-year in June, following a 27.8 percent decrease in May, as initially estimated.

The effects of the economic processes caused by the coronavirus epidemic were still perceptible in this period, the agency said.

On a non-adjusted basis, industrial production decreased 7.8 percent annually in June, following a 30.9 percent fall in the preceding month, as estimated.

On a seasonally adjusted basis, industrial production rose 17.1 percent monthly in June, following a 16.1 percent increase in the prior month, in line with initial estimate.