Hungary's industrial production declined for the third consecutive month in May, but at a slower pace, final data released by the Central Statistical Office showed Friday.
Gross industrial output fell 0.4 percent year-on-year, after dropping 3.1 percent in April and 1.6 percent in March. In the January-May period, production declined 0.7 percent from a year ago.
On a working-day adjusted basis, industrial production increased 1.9 percent, after falling 3.1 percent in the previous month.
Month-on-month, industrial output grew a seasonal-and-working day adjusted 3.2 percent in May. That followed a 2.3 percent decline in April.
All the figures were left unchanged from their initial estimates released on July 6.
by RTT Staff Writer
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