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manufacturing

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More Companies Focus on Sustainable Production

D&T
Nov 1, 2023

Sustainability has only become an everyday topic in the last decade and a half, even though mankind has been systematically halving the raw materials and natural resources that ensure prosperity since the beginning of the industrial revolution, warns Gábor Lévai, founder of Green Brands Hungary. In his podcast for economx.hu, he explained that he believes […]

Industrial Production Down Y-on-Y, Up on Previous Month

D&T
Sep 7, 2023

In July 2023, the volume of industrial production dropped by 2.6% year-on-year. Based on working-day adjusted data, production declined by 2.5%. According to seasonally and working-day adjusted data, industrial output was 2.8% higher than in June 2023, the Central Statistical Office reports. The majority of the manufacturing subsections were involved in the decrease in industrial […]

Investments Down by 13.5%, Manufacturing Up by 7.7%

D&T
Aug 31, 2023

In the 2nd quarter of 2023, the volume of investments in Hungary decreased by 13.5% compared to the same period of the previous year, and lessened by 4.1% compared to the previous quarter (seasonally adjusted). Most sections of the national economy contributed to the general decrease of investments. Investment performance increased only in manufacturing as […]

Industrial Production Down in Hungary

D&T
Aug 15, 2023

The volume of industrial production declined in June 2023 in Hungary by 3.8%, year-on-year. Based on working-day adjusted data production fell by 6.1%. Analysts note that industrial production has been declining in the country for seven months now. Production dropped in the majority of the manufacturing subsections, at the same time production volume grew in […]

Industrial Production Down in Hungary by 8.3%

D&T
Jun 7, 2023

The volume of industrial production dropped in April 2023 by 8.3% year-on-year. Based on working-day adjusted data production declined by 5.8%, MTI quoted figures reported by the Central Statistical Office on Wednesday. Transport and electrical equipment production increased. According to seasonally and working-day adjusted data, industrial output was 2.5% lower than in March 2023. Production […]

Steel Structure Manufacturer Technological Development

D&T
May 17, 2023

Steel structure manufacturer Vilex '94 Ltd. has invested almost HUF 300 million in improving its technology, the company told MTI. The company received HUF 209 million in conditionally non-refundable support from the Széchenyi Plan Plus program for the development, which cost HUF 298.9 million. As the main part of the project, a separate 1,510-square-meter locksmith's […]

Industrial Production Down by 0.2% in Hungary

D&T
Mar 14, 2023

In January 2023, the volume of industrial production declined by 0.2% year-on-year in Hungary. Based on working-day adjusted data, production dropped by 3.2%, the Central Statistical Office (KSH) reported this Tuesday. Production increased in some manufacturing subsections, with the largest growth in the manufacture of electrical equipment. According to seasonally and working-day adjusted data industrial […]

Capacity Expansion by Optigép with EU Support

D&T
Mar 6, 2023

Agricultural machinery manufacturer Optigép Ltd., based in Békés, SE Hungary, has implemented a capacity expansion project worth more than HUF half a billion, the company's managing director János Patkós told MTI. According to the managing director, the total cost of the investment was HUF 634.25 million, for which HUF 261.15 million in European Union support […]

Industrial Production Up by 14.4% on 2021 Pandemic Year

D&T
Oct 13, 2022

In August 2022 the volume of industrial production grew by 14.4% year-on-year. Based on working-day adjusted data production rose by 9.3%. Compared to crude data, the significant difference is due to the fact that there were two more working days in August 2022 than in the same month of the previous year, the Central Statistical […]

Balluff Group Opens New Office in Budapest

D&T
Aug 28, 2022

The German family-owned Balluff Group has opened a new development office in Budapest, the third location in Hungary, following Veszprém and Csetény (both southwest of Budapest), where 10 highly skilled jobs will be created, the company told the state news agency MTI. According to the information, Balluff's management decided a year ago to expand its […]

Industrial Production: an Annual Increase of 9.4%

D&T
Jul 6, 2022

In May this year, the volume of industrial production in Hungary grew by 9.4% year-on-year, according to data published by the country’s Central Statistical Office. Based on working-day adjusted data, production rose by 3.4%. As for the significant difference, the Office points out that it is due to the fact that there were two more […]

Industrial Production Up on Pandemic Base

D&T
May 6, 2022

In March 2022, the volume of industrial production grew by 3.6% year-on-year. Based on working-day adjusted data production rose by 4.2%. However, according to seasonally and working-day adjusted data industrial output was 0.1% lower than in February 2022. According to a report published by the Central Statistical Office this Friday, the majority of the manufacturing […]

2.6% Industrial Production Growth on Pandemic Low Base

D&T
Oct 13, 2021

In August 2021, the volume of industrial production grew in Hungary by 2.6% year-on-year. Based on working-day adjusted data production rose by 0.6%. The majority of the manufacturing subsections contributed to the growth, the manufacture of electrical equipment grew at the highest rate. As reported by the Central Statistical Office this Wednesday, the manufacture of […]

Hungarian Industrial Production Down by 6.7%

D&T
Mar 5, 2021

In January 2021 the volume of industrial production fell by 6.7% year-on-year. Based on working-day adjusted data production declined by 2.8%, the Central Statistical Office reports. Compared to crude data, the significant difference is due to the fact that there were two less working days in January 2021 than in January 2020. Industrial output was […]

Modest Annual Increase in Industrial Production

D&T
Dec 12, 2020

In October 2020, the volume of industrial production grew by 0.6% year-on-year according to crude data. Based on working-day adjusted data production rose by 2.7%. The growth was 2.8% compared to the previous month according to seasonally and working-day adjusted data. The Central Statistical Office's report also says that industrial output in October this year […]

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