Hungary’s industrial output declined 19.4 percent in July according to both calendar-adjusted and unadjusted figures, preliminary data published by the Central Statistical Office (KSH) on Tuesday show.
The rate of the drop was up from 18.8 percent in June.
Industrial output fell 0.7 percent from June after a 1.7 percent month-on-month increase in June, according to workday- and seasonally-adjusted figures. The monthly decline came after two months of increases.
January-July industrial output fell 22.1 percent as compared to the same period of 2008.
In a twelve-month comparison, unadjusted industrial output has fallen every month since October 2008, and workday-adjusted output has fallen every month since July of last year.
KSH will publish a detailed second reading of the July figures, together with industrial sales figures, on September 15.