The volume of industrial production lagged behind by 4.2% in November 2024, production, based on working-day adjusted data lessened by 2.9%, year-on-year, the Central Statistical Office reports. Production has been attenuated in the great majority of the manufacturing subsections, most of all in the manufacture of transport equipment. According to seasonally and working-day adjusted data, […]
Hungary's struggling economy may find relief in 2025 as automotive giants BYD and BMW prepare to launch production at their new facilities, marking a significant expansion of the country's automotive sector. Chinese Ambassador Gong Tao announced during a recent visit to Szeged that BYD's first European plant will begin manufacturing vehicles in November 2025. Meanwhile, […]
The volume of industrial production declined in July 2024 by 1.3%, year-on-year, based on working-day adjusted data production dropped by 6.4%, the Central Statistical Office (KSH) reports. Compared to crude data, the significant difference is due to the fact that there were two more working-days in this month than in July 2023. Out of the […]
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 […]
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 […]
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
