The outlook for Hungarian industry remains pessimistic with last month’s output improvement appearing to be an anomaly.
ADVERTISEMENTThe volume of Hungary’s industrial production declined by 6.4% in July compared to the same period in 2023.
That’s the worst figure seen this year, according to working-day adjusted data published on Friday.
From June to July, meanwhile, the adjusted indicator didn’t change.
This comes after Hungary’s statistics office last month announced a year-on-year volume fall of 3.7% and a monthly rise of 0.5%.
“After the positive surprise in June, Hungarian…
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