Industry

Statistics on industry comprises three sections (mining and quarrying, manufacturing, energy industry). Extraction of natural minerals, transformation of basic materials and products into new products, electricity, gas, steam, hot water supply are defined as industrial activities. Beside industry significantly influencing economic performance, the division group also has an important role in employment. Industrial statistics offers information – beside production data – about sales directions (domestic and export sales) as well as about orders relating to industrial products and services and their change over time.

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Industrial production decreased by 30.7%, Industry, May 2020 (second estimate)

In May 2020 the volume of industrial production lagged behind the high base of the previous year by 30.7%. Based on working-day adjusted data, production fell by 27.6%. The effects of the economic processes altered by the coronavirus epidemic were significant in this period, too. An outstanding fall was observed in the largest weight representing manufacture of transport equipment, while the manufacture of computer, electronic and optical products, as well as the manufacture of food products, beverages and tobacco products declined to a lesser degree.

Hungary, 1st–3rd quarters 2019

In the 1st-3rd quarters of 2019 the performance increase of the Hungarian economy continued. The growth was a result on one hand of the performance of the industry, construction and certain service divisions (e.g. commerce, tourism), on the other hand of the strengthening of the consumer and investment activity. Beside the price level increase real earnings surpassed the previous year’s level. Due to fewer live births and basically unchanged death numbers natural decrease was higher than in the 1st-3rd quarters of 2018.