Automotive sector output in Hungary edges up 1.6% y/y in February
15 hours ago
North Macedonia's industrial output turned to growth in December as it increased by 2.5% y/y, reversing a 4% y/y decrease a month earlier, statistics office data indicated on January 29.
Industrial production returned to a positive trend after declining for nine months in a row, as a result of the coronavirus (COVID-19) pandemic's impact on the economy.
The key manufacturing sector was the key driver of the growth as it inceased by 3.3% y/y in the last month of the year, after dropping by 6.2% in the previous month.
Mining output increased 10.2% y/y, accelerating from a 8.7% y/y increase in November, data showed.
However, the utilities sector fell by 6.1% y/y, after edging up 0.1% a month earlier.
In 2020 industrial production in North Macedonia fell by 9.5%, after rising 3.7% in 2019.
In December the number of employees in the industrial sector fell by 4.2% y/y and for the whole 2020 it dropped by 4.6%.
Related Content
Data
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
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Slovak inflation eased further to 2.3% in March
Prices in the alcohol and tobacco sector increased by 19% y/y, including the 9.1% spike in tobacco prices as a result of the new consumption tax.
Polish inflation eases further to 2% y/y in March
The inflation rate landed within the National Bank of Poland’s target of 1.5%-3.5% for a second successive month
CEE falling inflation trend comes to an end
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Hungary’s CPI edges lower, but price pressures remain in service sector
Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.
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