Published: December 14 2023
The industrial output in Budapest, Hungary saw a decline in October, with a decrease of 3.2% according to the Central Statistical Office (KSH).
Sectors showing growth
Despite the overall decline in industrial output, there were sectors that showed growth. The automotive industry saw a 4.9% increase in October, compared to a 1.2% increase in the previous month. The electrical equipment segment also experienced growth, with a 9.0% increase. However, the food, drinks, and tobacco segment saw a 2.8% decrease.
Seasonally adjusted data
When seasonally and working day-adjusted data is taken into account, industrial output in October was 0.6% lower than in September.
Although the industrial output in Budapest experienced a decline in October, there were some sectors, such as automotive and electrical equipment, that showed growth. It is important to consider seasonally adjusted data when analyzing industrial output trends.
Questions & Answers
What is the current state of industrial output in Budapest, Hungary? In October, Hungarian industrial output in Budapest fell by an annual 3.2 percent, with a decline of 2.8 percent when adjusted for working days, according to the Central Statistical Office (KSH) in a second reading.
Which sectors in Budapest, Hungary showed growth in industrial output? While most manufacturing sectors in Budapest saw a decline, the automotive industry and the electrical equipment segment showed growth in October. The output of the automotive industry grew by an annual 4.9 percent, while the electrical equipment segment rose by 9.0 percent.
Which sectors in Budapest, Hungary recorded a decline in industrial output? Among the manufacturing sectors in Budapest, the food, drinks, and tobacco segment recorded a decline in October, with output falling by 2.8 percent.
How does the current industrial output in Budapest, Hungary compare to the previous month? Based on seasonally and working day-adjusted data, industrial output in Budapest was 0.6 percent lower in October compared to September.